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Webinar Registration Live - Wednesday 28 October, 1:00pm At Armalytix, our redesigned Source of Funds Report lets you choose which sections you see, so every report matches your firm’s file review process. Join me for a 30-minute live walkthrough of our brand new modular report, designed specifically for Property professionals. Expect to see: · The new report in action · How to configure sections to suit what you want to see · What changes for your working day and compliance position · Answers to your questions - live Can’t make it? Register anyway and we’ll send you the recording. https://lnkd.in/evzPCGUt

How many hours did your fee-earners spend chasing bank statements last week? At Leading Property Lawyers, it was too many. Qualified lawyers were chasing clients, trawling through paperwork and checking source of funds by hand. So LPL changed how it handles source of funds. Their Head of Operations sums up the result: "As a business, we got better value for money out of our people." The full case study shows exactly what changed: when checks now happen, where client queries go and what the team does with the time it got back.

The future of AML compliance is risk-based. With ever-increasing regulatory scrutiny and the switch to FCA regulation on the horizon, AML risk assessments carry more weight than ever. That’s why we at Armalytix have upgraded our 𝗥𝗶𝘀𝗸 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 – to provide you with greater flexibility, richer context, and more meaningful risk reporting to help support your decisions. The upgraded report lets you: • See a holistic view of client responses and financial position for clearer context • Tailor risk scoring by weighting parameters based on what matters most to your firm • Normalise outputs into percentage-based scores for easier comparison across cases • Define your own risk appetite with clear low, medium, and high thresholds • Understand exactly what’s driving risk outcomes with transparent, criteria-based summaries • Escalate with confidence using a dedicated “Consider” view that highlights anomalies or contradictions 𝗧𝗵𝗲 𝗿𝗲𝘀𝘂𝗹𝘁 𝗶𝘀 𝗮 𝗿𝗶𝘀𝗸 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝘁𝗵𝗮𝘁 𝗺𝗼𝗿𝗲 𝗰𝗹𝗼𝘀𝗲𝗹𝘆 𝗿𝗲𝗳𝗹𝗲𝗰𝘁𝘀 𝘆𝗼𝘂𝗿 𝗳𝗶𝗿𝗺'𝘀 𝗿𝗶𝘀𝗸 𝗮𝗽𝗽𝗲𝘁𝗶𝘁𝗲 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀. Drop me a message if you want to learn more about the upgraded Risk Insights Report or read our blog below: https://lnkd.in/eQ3N7JJk

Your fee-earners are trained lawyers, not document administrators. Yet at many conveyancing firms, skilled fee-earners lose hours every week chasing clients for bank statements, trawling through paperwork, and manually checking Source of Funds — work that doesn't need their level of expertise. Leading Property Lawyers (LPL) faced exactly this problem. After introducing Armalytix, SoF checks now happen earlier in the transaction, client queries are resolved externally, and fee-earners have their time back for actual legal work. "The introduction of Armalytix took away the whole admin burden, and allowed our skilled team to utilise their skills. As a business, we got better value for money out of our people." — Louise Stephens-Pantoja, Head of Operations, LPL

Fee-earners at leading conveyancing firms didn't train for years to spend their days chasing bank statements and trawling through client documents. But that's exactly what was happening at Leading Property Lawyers (LPL) — a national, tech-enabled conveyancing firm. Skilled fee-earners were bogged down in manual AML and Source of Funds admin: repeated back-and-forth with clients, digging through paperwork, and time-consuming checks that didn't need their level of expertise. LPL brought in Armalytix to change that. The result? SoF checks now happen earlier in the transaction. Client queries are handled externally, cutting down the back-and-forth. And fee-earners have been freed up to focus on the legal work they're actually trained for. As LPL's Head of Operations put it: "The legwork part is done for them so that all we were requiring from fee-earners was their expertise. We weren't taking away any of the actual legal work. In fact, we were giving them more time to do it." See how Armalytix helped LPL get more value from their people — without compromising on compliance.

Conveyancers: have you seen things that suggest a Source of Funds summary is the same as a Source of Wealth? As more technology and AI-powered solutions enter the market, the distinction between the two is becoming less clear. As Armalytix Executive Chair, Mike Ward, explains in his latest article for Today's Conveyancer: “The market is creating confusion by blurring the language, often through tools marketed in ways that make complex checks sound far simpler than they really are.” Unless a client’s entire wealth is being used to fund the transaction, a Source of Funds summary isn’t the same as Source of Wealth. 💵 Read the full article here: https://lnkd.in/eMM-k6x3