With increasing UK regulatory scrutiny on anti-money laundering (AML) and customer affordability, operators must conduct robust Source of Funds (SOF) checks and confidently review source of funds documents, especially when customers show high or unusual spending patterns.
This course provides step-by-step training on reviewing and verifying financial documents, including bank statements, payslips, and P60s. You will learn how to assess legitimate income, identify red flags, and detect common signs of document fraud when reviewing source of funds documents.
Aligned with UK Gambling Commission requirements, the Money Laundering Regulations, and the Proceeds of Crime Act 2002, this training helps ensure your compliance processes meet current legal standards.
Ideal for KYC analysts, AML professionals, compliance teams, and managers, this course equips you with practical skills to strengthen customer due diligence, reduce risk, and maintain regulatory compliance.
Course Objectives:
By the end of this course, learners will be able to:
- Understand the regulatory requirements for Source of Funds checks in the UK gambling industry
- Differentiate between Source of Funds and Source of Wealth
- Identify acceptable Source of Funds documents such as bank statements, payslips, and P60s
- Review and analyse bank statements for income verification and suspicious activity
- Verify employment income using payslips and cross-check with bank statements
- Interpret P60s to confirm annual income consistency
