Overview
Commercial Source of Funds is a dedicated Legl product for collecting, verifying, and reviewing the source of funds for corporate and commercial matters. It is built specifically for the complexity of commercial transactions — where multiple parties may need to provide information, funding sources are corporate rather than personal, and the evidence needs to be understood in the context of what is already known about the entity.
While it shares the same foundations as Legl's individual Source of Funds, Commercial Source of Funds is a meaningfully different product — designed to address problems that personal SoF does not cover and to support the level of due diligence that commercial matters require.
How it goes beyond individual Source of Funds
Individual Source of Funds is designed for a single personal client providing evidence of personal funds. Commercial Source of Funds addresses a different and more complex set of challenges:
Multiple parties — commercial transactions often involve more than one person or entity contributing funds. Commercial Source of Funds is designed to collect and consolidate information from multiple parties as part of a single review.
Corporate funding sources — rather than personal income, savings, or gifts, commercial funds may come from business accounts, corporate reserves, investment vehicles, or other entities. Commercial Source of Funds captures the financial information relevant to these sources.
Entity-linked intelligence — the review is designed to be read in the context of what is already known about the corporate entity, connecting source of funds evidence with company data and creating a more complete picture for your firm's AML assessment.
ℹ️ Important
Commercial Source of Funds is an evolving product. Some of these features may be in active development and additional commercial-specific features are in active development and will be introduced as the product moves from closed beta to wider release.
Current availability
Commercial Source of Funds is currently in closed beta, available to a limited number of firms by invitation only. If your firm is interested in early access, please speak with your Legl account manager or contact our support team.
ℹ️ Important
Individual Source of Funds for personal clients is a separate product and is unaffected. It remains fully available to all firms using the feature.
Important information
Commercial Source of Funds is a distinct product from individual Source of Funds — it is not an extension of the same feature but a purpose-built solution for commercial and corporate matters.
It is currently in closed beta. Wider availability and full feature set will be confirmed in due course.
Access is by invitation only at this stage. Contact your Legl account manager to express interest or find out more.