If you need to verify your client's source of funds, initiating a Person Verification is the first step. This page lets you sets tasks for Biometric ID verification and Address Verification, allowing your client to confirm their identity by matching their ID documents with their biometric data. This also allows you to initiate a source of funds check through Open Banking Digital Statements and Source of Funds Questionnaire.
To learn more about what our Source of Funds check is, read our product article HERE.
Steps to Initiate an Source of Funds Check:
- Navigate to the Dashboard: Start on the home screen of your Verify 365 dashboard.
- Select the Client: Go to the “Contacts” tab, where your client's contact details are stored. You can search for your client’s name or select them from the list, particularly if they are a recent addition.
- Create a New Verification Task: Click the purple “Create New” button and choose “Person Verification” as shown in the below screenshot.
Assigning the Checks:
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- Check the boxes for “Digital Bank Statements” and “Source of Funds Questionnaire”.
- Once both checks are selected, click “Send Invitation”. Your client will then receive the tasks to complete a Source of Funds check.
To learn more about analysing your client's source of funds results and any red flags, please navigate to our detailed report breakdown article.