Proof and Source of Funds Requirements
Shaping the Proof & Source of Funds Service Model
Following engagement with firms across recent workshops and calls, we are progressing a structured, part-digital, part-outsourced Proof and Source of Funds model, where the SureCert team would manage the Proof and Source of Funds (including Source of Wealth where relevant) process end-to-end and return a structured, audit-ready report to the solicitor for final AML sign-off.
The feedback received has given us confidence that there is demand for this approach; we are now seeking to quantify anticipated volumes and practical requirements.
How the Model Would Work
Under this model the solicitor provides the relevant client and transaction details (with appropriate consent). SureCert would then:
- Manage all KYC and related checks
- Collect and review Proof and Source of Funds/Wealth evidence
- Analyse and evidence the flow of funds (including KYC checks on third parties where relevant)
- Identify inconsistencies or potential red flags
- Provide a structured report with supporting evidence for solicitor sign-off
The final responsibility and AML decision would remain with the solicitor.
Why We Are Seeking Input
Your input will allow us to:
- Confirm demand
- Finalise workflow design and scope of checks
- Structure pricing bands appropriately
- Ensure data handling and governance standards meet firm expectations
- Determine whether a pilot cohort should now be formed, and when
Provide Your Input
We are now progressing the concept into a defined service model and would value your input to ensure it reflects real-world requirements.
In particular, it would be helpful to understand:
- Your estimated annual volume of matters where you would consider outsourcing Proof & Source of Funds/Wealth
- Any specific operational, security, or reporting requirements your firm would expect
You can provide this information via the short form below: