Overview
Once a client has submitted their Commercial Source of Funds request, you can review the results in Legl. The review page brings together declared sources, bank statement analysis, company financials, and the client's questionnaire responses in one place, so you can complete your AML assessment without needing to work through a lengthy PDF.
Before you start
The client (and any delegated third parties) must have completed and submitted their Commercial Source of Funds request before the results are available to review.
How to review a Commercial Source of Funds application
1. Locate the Engage request
Go to Engage for Individuals and search for the client's check by name, email address, client reference, or matter reference. Click to open the application.
ℹ️ Further guidance
For guidance on opening and navigating an Engage request, see What to do when an Engage request is ready for review.
2. Review the Sources section
Lists each declared source of funding, the amount, and submission status. Delegated sources show the third party's name and whether their section is complete.
3. Review the Insights section
Shows regular incoming and outgoing transactions, large one-off transactions, and high-risk transactions such as cash deposits, cryptocurrency, and foreign currency payments.
4. Check the Verified accounts section
Shows bank accounts connected via open banking. Where bank statements have been uploaded manually, Legl will attempt to extract and verify the data automatically.
5. Review the Bank statement anomalies section
Legl runs five checks against all analysed bank statements and flags any areas of concern. See Understanding Commercial Source of Funds anomaly checks for a full explanation of each check.
6. Review the Company financials section
If a company report has been run for the associated entity, this section displays relevant financial data from that report. Use it to review declared sources in the context of the company's known financial position.
7. Review the Questionnaire section
Shows the client's responses to the source of funds questions.
8. Review the Transaction follow-ups section
If Legl identified high-risk transactions during analysis, this section shows each flagged transaction and the reason the client provided for it. This section only appears if transaction follow-ups are present.
Downloading the PDF report
Select Download report to export a full PDF of the application. The report includes all sources, insights, anomaly check results, questionnaire responses, and transaction follow-ups.
Important information
Delegated sources that have not yet been completed will show as pending. You can still review the rest of the application, but the delegated section will not be included until the third party submits.
Where Legl was unable to automatically analyse a manually uploaded bank statement, this will be indicated in the review. You will need to review that statement manually.
The anomaly checks run only against bank statements and accounts that Legl was able to analyse. They do not cover sources where no bank statement or account data was provided.
The PDF report is available to download at any point once the application has been submitted, even if not all sources are complete.