Source of Funds Verification
Our source of funds verification combines AI-led analysis with UK-based human review so you get the right answer the first time.
Overview
Source of Funds Verification is part of our UK KYC Verifier suite, engineered for businesses that need to onboard, screen and monitor customers without compromising on speed or compliance. The service is delivered through an API-first platform with hosted pages, mobile SDKs and webhooks, so it slots into any UK onboarding journey.
Verify the origin of funds for high-value UK transactions. The check is benchmarked against authoritative UK reference data and independently benchmarked at 99.7% accuracy on uk records. Every result is returned with a confidence score, the underlying evidence, and a signed audit log that satisfies FCA, HMRC and UKGC reviews.
What makes Source of Funds Verification different from a generic vendor check is its UK focus. We are not a US tool with a UK plug-in — our document templates, address sources, sanctions feeds and human reviewers are all UK-native. That focus produces materially higher accept rates for legitimate UK applicants while still rejecting the synthetic, tampered and stolen identities that drive fraud losses in the UK market.
How Source of Funds Verification Works
- 1
Capture
Your customer uploads or chips-in the required evidence through our hosted page, native SDK, or your own UI via our REST API.
- 2
AI Analysis
Our models extract, parse and forensically inspect every artefact — checking holograms, MRZ, NFC chip data, document templates and font kerning against a 240-country reference set.
- 3
Cross-Reference
We cross-reference the result against authoritative UK sources, sanctions lists and our internal fraud graph, raising flags on any inconsistency.
- 4
UK Human Review
Edge cases route to a UK-based analyst who applies your risk policy. Most reviews close in under 30 minutes during UK business hours.
- 5
Decision & Audit Pack
You receive a clear pass/refer/fail decision plus a signed, time-stamped audit pack ready for FCA, HMRC or UKGC inspection.
UK Documents Required
- Customer reference number (CRN) or LEI
- Identity attributes to screen (name, DOB, nationality, address)
- Optional transaction data for monitoring tiers
- Risk-appetite settings supplied by your MLRO
Turnaround & Accuracy
Most decisions arrive in under 90 seconds; complex reviews resolve the same business day.
Validated against a 2.4 million-record UK truth set with 99.6% accuracy.
UK Compliance Standards
How This Verification Helps You
- Demonstrate to your auditors, FCA supervisors and bank counterparties that you have credible KYC controls in place.
- Cut onboarding time from days to minutes while keeping conversion above 90% on UK mobile traffic.
- Improve approval rates for thin-file and underserved UK customers without compromising your risk appetite.
- Reduce manual review queues by up to 70%, freeing your UK compliance team to focus on truly high-risk cases.
UK Industries That Use Source of Funds Verification
UK Banks
Tier-1 UK banks integrate this check into their first and second lines of defence.
UK Crypto VASPs
FCA-registered VASPs rely on continuous AML screening to keep their registration in good standing.
UK Wealth & Private Banking
Private banks use this in their EDD packs for HNW and PEP relationships.
UK Money Service Businesses
HMRC-supervised MSBs use this as the backbone of their compliance programme.
Frequently Asked Questions
Yes. Source of Funds Verification is designed around the FCA Handbook, JMLSG guidance and the Money Laundering Regulations 2017. Every decision ships with the evidence and audit trail your MLRO needs.
Most decisions arrive in under 90 seconds; complex reviews resolve the same business day. You can wire the decision to your back-office via webhook so there is no manual polling.
The check uses customer reference number (crn) or lei and identity attributes to screen (name, dob, nationality, address), plus authoritative UK reference sources. We never rely on a single signal — every decision is the product of multiple independent checks.
All data is encrypted in transit and at rest with AES-256, processed inside ISO/IEC 27001-certified UK and EU regions, and retained only for as long as your legal obligations require. Customers can exercise UK GDPR subject-access rights through our self-serve portal.
Yes. We provide a REST API, mobile SDKs for iOS and Android, a no-code hosted page, and pre-built connectors for the most common UK CRM and onboarding platforms.
Related UK Services
Request Source of Funds Verification
A specialist will scope the work and send you a tailored UK quote within 24 hours.