Compliance teams and MLROs reviewing AML processes and risk assessments

Fee earners and support staff who send onboarding, payment, or Source of Funds requests

Firm administrators managing settings, integrations, and user permissions

Finance teams handling payments, refunds, and billing

AI-powered Source of Funds improvements: including bank statement analysis, follow-up questions, and the new review experience

Risk Assessment self-serve: the template library, the Risk Assessment Builder, auto-creation, reassessment dates, and escalation settings

KYB and Entities: Trust onboarding, interactive UBO chart, ownership filters, business-to-business associations, detailed shareholding data, and the unified contacts page

Ongoing Monitoring: human-readable alerts, bulk alert review, the new company monitoring dashboard, auto-assign alerts, and the weekly MLRO alert summary

Payments: pay-by-bank provider move to Volt, multiple invoices per pay request, self-serve payment settings, faster telephone payments, and improved refunds

Integrations: self-serve integrations page, NetDocs document redaction, e-signatures API v1, and ActionStep risk assessment integration

A preview of what is coming in Q2 2026

AI bank statement analysis: Legl now analyses uploaded bank statements using AI, flagging unusual transactions such as large cash deposits, cryptocurrency activity, and one-off large payments. Clients are prompted with follow-up questions directly during the submission process, reducing the need for your team to send additional requests.

Source of Funds Signals: Signals previously only worked with open banking connections. They now also work when a client uploads a bank statement manually, so you get a consistent review experience regardless of how the statement was provided.

New review experience: The internal review interface has been redesigned. You can now review Source of Funds submissions in-app with a clear breakdown of declared funds, connected or extracted accounts, transaction charts, spending behaviour, and AI-generated insights, alongside the existing PDF report.

Commercial Source of Funds (beta): A commercial Source of Funds module is now in beta, with AI functionality extended to company accounts and complex ownership structures. To express interest, contact our Support team.

International bank statements: The AI extraction supports multiple languages. If a statement cannot be analysed, both the user and the firm are notified, and the firm still receives the uploaded statement for manual review.

Template library: Legl now provides SRA-based risk assessment templates (client and matter) that you can use as a starting point. You can customise these to match your firm's risk appetite without starting from scratch.

Risk Assessment Builder: You can self-serve on your risk assessments: add, edit, or remove questions, configure conditional logic and branching, and set risk weightings directly in the platform.

Auto-creation: Risk assessments can now be auto-created using existing client data, reducing manual input. If a CDD screening or company report has already been run, relevant fields are pre-populated.

Reassessment dates: You can configure default reassessment periods by risk level (e.g. 30 days for high risk, 60 for medium, 90 for low). These are applied automatically when a risk assessment is completed.

Escalation settings: High-risk risk assessments can be configured to trigger email notifications to specific individuals (such as your MLRO or a centralised inbox) for sign-off before the assessment is completed.

Dashboard improvements: The Risk Assessments dashboard now supports customisable columns, and the MLRO dashboard surfaces high-risk clients and high-risk jurisdictions in one place.

Trust onboarding: Full Trust functionality is now available to all users (no longer in beta). This covers beneficial ownership, trustee relationships, Trust deed analysis, and Trust-level AML checks.

Interactive UBO chart: The UBO ownership chart is now clickable. You can select an entity in the chart to navigate directly to its company report or take an action. Three new filters allow you to narrow ownership by percentage (e.g. greater than 25%).

Business-to-business associations: You can now associate businesses with other businesses (not just individuals), allowing you to represent group structures, holding companies, and related entities in one place.

Detailed shareholding data: Share types and voting rights are now included in the company report, giving a clearer picture of ownership and control.

Bulk director screening: You can screen all directors from a company report in a single click (PEPs and sanctions only). Directors are not notified.

Unified contacts page: Individuals, businesses, trusts, and vessels are all accessible from the Contacts page with filters for each entity type.

Human-readable alert descriptions: Monitoring alerts now display in plain English instead of raw JSON, making it easier to understand what has changed and whether the change is high, medium, or low risk.

Bulk alert review: You can now select and review monitoring alerts in bulk, or assign them to a reviewer in one action, rather than processing them individually.

New company monitoring dashboard (beta): A redesigned dashboard for business alerts, with improved filtering, bulk actions (select all), and a click-through to business details or the current company report.

Auto-assign alerts: A new setting allows ongoing monitoring alerts to be automatically assigned to the person who created the original request, rather than defaulting to the MLRO. This means the fee earner responsible for the client is notified directly.

Customise non-AML alerts: You can now turn off alert types that are not relevant to your AML policy, reducing noise for your team.

Weekly MLRO alert summary: The weekly email now includes a breakdown of alert priorities (high, medium, low) instead of just a total count, so the MLRO can prioritise before opening the platform.

CDD screening audit trail: When you confirm or dismiss a watchlist screening match (yes or no), the decision is now recorded with a full audit trail of who made the decision and when.

Pay-by-bank provider change: Legl has moved from Banked to Volt as its pay-by-bank provider. The client experience is unchanged; the transition was handled in the back end.

Multiple invoices per pay request: You can now attach up to 10 documents (e.g. invoices) to a single pay request. Clients see each document as a hyperlink they can open. No more merging PDFs or sending separate emails.

Self-serve payment settings: You can now configure which payment methods your firm accepts (international cards, Amex, pay by bank) directly in your payment settings without contacting Support. Thresholds and limits still require Support assistance.

Faster telephone payments: A postcode lookup has been added to the telephone payment flow, removing the need to manually key in the full billing address.

Improved refund experience: Admins can now process refunds in one place with a single action: select the amount, provide a reason, and authorise. The full audit trail is visible in the platform.

Pay billing report page: A new billing page for Payments (similar to the existing Engage billing page) shows transaction amounts and how much your firm will be billed by Legl at the end of the month.

Self-serve integrations page: You can now set up and manage integrations (Clio, ActionStep, etc.) directly in the platform without contacting Support. API keys and webhooks are also available self-serve.

NetDocs document redaction: Documents sent to NetDocs can now have contact details redacted before transfer. This supports Australian compliance requirements and may also be relevant to UK firms.

E-signatures API v1: E-signatures can now be returned to your integrated CMS or PMS via the API.

ActionStep risk assessment integration: You can now launch a risk assessment from within ActionStep. Once completed, results return to ActionStep automatically.

Webhook whitelisting: Custom webhook headers can now be whitelisted in the platform, reducing the need for Support intervention during technical integration setup.

Qualified electronic signatures (QES): An advanced signature capability with the same legal standing as a wet signature, currently in discovery with a third-party provider.

Commercial Source of Funds (full release): Following beta testing, commercial Source of Funds will be rolled out to all firms.

Vessel screening (full release): Currently available to selected firms, vessel sanctions screening will be rolled out more broadly.

Adverse media monitoring: Continuous adverse media monitoring is in development.

Further ongoing monitoring improvements: Additional changes to monitoring alerts and dashboards are planned.

Can someone else pay on a client's behalf? The expectation is that the person who receives the pay request is the person who pays. If someone else will pay on their behalf, it is the firm's decision (aligned with their AML policy) whether to send a new request to that person and run appropriate checks first.

Is there an escalation pathway for payment errors or overpayments? Currently, there is no way to assign a standalone payment to the MLRO for review. If the payment is part of an Engage request, the request can be escalated. For standalone payments, the firm should manage this internally. This has been flagged with the product team.

How do you manage reassessment dates by risk level? In Settings, under Risk Assessments, you can set default reassessment periods by risk level. These apply firm-wide and auto-populate the reassessment date when a risk assessment is completed.

How do you activate Risk Assessments? Contact our Support team to have Risk Assessments enabled for your firm. Once activated, you can immediately access the template library.

Will risk assessment integrations expand beyond ActionStep? Yes. Clio is next on the roadmap for native risk assessment integration. Custom API integrations may also support this. To request a specific integration, contact Support.

How does Source of Funds handle non-UK bank statements? The AI extraction will attempt to process statements in other languages. If it cannot, both the client and the firm are notified, and the firm still receives the uploaded statement for manual review.

Are these features charged at cost? It varies by feature. Ongoing monitoring is included with the initial request at no additional cost (follow-on actions such as refreshing a company report are charged). Individual requests are pay-as-you-go and charged upon completion. For a full pricing breakdown, contact our Support team.