Course | Source of Funds and Source of Wealth Verification

Online, self-paced learning

Dynamic pace adjusted to knowledge level

Customised learning path for each user

Identifies and addresses knowledge gaps

Measures actual competence, not just activity

Instant access to learning platform

Course Overview

Understanding where a client’s money comes from is central to effective Anti-Money Laundering (AML) compliance, yet Source of Funds and Source of Wealth checks are often the part clients like least. This course helps your teams handle SoF and SoW in a confident, proportionate way that protects the firm without needlessly frustrating clients. Using contrasting scenarios, learners see when basic checks are enough and when deeper questioning and evidence are essential.

Who Should Take This Course

Fee earners in property, corporate, commercial and private client work who handle client money or transactions

Onboarding and file-opening teams responsible for gathering SoF and SoW information

Compliance, AML and MLRO teams who support enhanced due diligence and decision-making

Supervisors and partners who sign off on higher-risk matters and client acceptance

What You'll Learn

What “Source of Funds” and “Source of Wealth” really mean, and how they differ
Why SoF and SoW checks are critical to preventing the firm being used to move or conceal criminal property
A detailed scenario featuring Mr. Smith, an SME owner using mixed funding (business profits, remortgage, private loan) to buy a logistics company
A contrasting scenario with Ms. Jones, a straightforward residential purchase with transparent salary savings and a standard mortgage
What you must establish for SoF on any matter: amounts from each source, how funds flow, and consistency with the client’s profile
What you must establish for SoW, especially on larger or higher-risk cases: the client’s broader financial position, business history and assets
Practical, open questions that unlock SoF and SoW explanations without sounding accusatory
Typical documents and evidence to request for different types of funds (trading income, savings, loans, inheritance, investments, property sales)
How to judge when documentation is sufficient and when you need more detail or longer history
Key SoF/SoW red flags and how they should change your risk assessment
How to respond when concerns arise, including pausing, escalating and deciding whether the matter fits the firm’s risk appetite
Ways to make SoF and SoW checks part of normal practice and reduce friction with clients

Key Learning Outcomes

By the end of this course, you will be able to:

Clearly explain the difference between Source of Funds and Source of Wealth to clients and colleagues.
Assess when SoF and SoW are straightforward and can be verified with basic documentation, and when deeper enquiry is required.
Use structured questioning to break down mixed funding arrangements and understand how much comes from each source.
Select proportionate evidence to verify different SoF and SoW explanations, rather than defaulting to “everything for everyone”.
Recognise red flags in SoF and SoW—such as inconsistent stories, unexplained third-party payments and unusual transaction patterns—and know when to escalate.
Document SoF and SoW reasoning clearly so that decisions are defensible to supervisors, auditors and regulators.
Integrate SoF and SoW checks smoothly into client onboarding, managing client expectations and maintaining relationships while still saying no when necessary.

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Why This Course Matter

Source of Funds and Source of Wealth failures sit at the heart of many regulatory enforcement cases, yet front-line staff often feel unsure how far to probe or what evidence is enough.

This course turns SoF and SoW from a source of anxiety and client friction into a structured, everyday discipline. By building a coherent, evidenced picture of each client’s money and wealth, your firm can act with confidence—and step away when the story simply does not add up.

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Global Clients:

Please email for buying assistance: hello@denkenknowledge.com

What people say

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Frequently asked questions

Have a look at most frequently asked questions.

Is there a minimum or maximum team or class size?

Denken is designed to support teams or classes of any size, whether you’re a small firm or a large organisation. There’s no minimum or maximum: we adapt to your needs.

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Yes, you can pay for our courses and series of modules via Invoice. Please use the Contact form to make an enquiry, and we will email over an invoice when you're ready. Please note, we do not accept purchase orders as a payment method.

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Yes, we use Stripe for online credit card payments. Details will be visible on your invoice.

Is there Client and Learner support available?

Yes, we are here to help every step of the way, both as a client and a learner using our platform.

How do I access course materials?

Course materials can be accessed through our platform dashboard once you or your learners have been enrolled. Each learner will receive a Welcome Email with full instructions.

Can I get a refund for a course?

You may cancel your course booking at any time before payment has been made by emailing us at hello@denkenknowledge.com. Once you have accessed your course on our platform no refunds will be made.

Source of Funds and Source of Wealth Verification

Course Overview

Who Should Take This Course

What You'll Learn

Key Learning Outcomes

Why This Course Matter

Global Clients:

What people say

Booking enquiry

Other courses you might be interested in

Recognising and Acting on AML Red Flags

Assessing Client Risk Profiles

Conducting a Firm-Wide Risk Assessment

Want to roll this out to your team?

Frequently asked questions

Is there a minimum or maximum team or class size?

Can I pay by invoice or Purchase Order?

Can I pay by credit card?

Is there Client and Learner support available?

How do I access course materials?

Can I get a refund for a course?

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Company

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