Your AML checks shouldn't take longer than your client call.
Olimey runs end-to-end KYC, AML and Source of Wealth verification directly with your clients — in minutes — and delivers an audit-ready report your conveyancers can clear on the spot, escalated to your MLRO only where the risk warrants it.
Available now for residential conveyancing teams across England & Wales. Start with 100 free credits — no card required.
Illustrative report · sample data
- FCA-authorised open banking
- FCA-authorised identity verification (document + biometric)
- UK GDPR · UK/EEA residency
- MLR 2017 & LSAG-aligned
- 6-year audit trail
What happens to your firm when one Source of Wealth check slips through?
Hours lost to checking documents
Conveyancers spend 2–4 hours per matter gathering and checking payslips, statements and ID by hand: fee-earning time spent cross-referencing bank entries instead of practising law.
Every fee-earner applies the rules differently
Ten conveyancers, ten views of what ‘enough evidence’ looks like. Inconsistent Source of Wealth checks are exactly what the SRA/CLC finds on inspection — and what turns one weak file into a firm-wide finding.
Your conveyancers aren't financial-crime analysts
Most were never trained to spot layering, an unexplained third-party payment or a gift that doesn't add up. One missed red flag can put the whole firm in front of the SRA/CLC or a disciplinary tribunal.
The fines are no longer survivable as 'a cost of doing business'
Since the 2023 Economic Crime Act removed the cap on AML fines for SRA/CLC-regulated firms, penalties are effectively unlimited. In 2025, legal-sector AML fines ran from £25,000 for poor Source of Funds and Source of Wealth checks to £300,000 for control failures, with the largest structures exposed up to £250m.
Everything funnels to your MLRO
In a manual process every file waits on one desk. Matters stall behind the bottleneck, your MLRO drowns in low-risk checks, and the audit trail is only as good as the last email thread.
So what would one missed check actually cost you?
A fine, a tribunal referral, higher PII premiums, lost clients and weeks of management time — or a few minutes letting Olimey check it properly, every time. Which would you rather explain to your partners?
From client invitation to a sign-off-ready report — automated.
Four steps. The first three run themselves. The last is always a human.
Invite your client
Send a secure portal link. Your client completes everything on any device — no app, no account to manage.
Identity & open banking
Your client's identity is verified by a regulated, FCA-authorised provider using a document and biometric check, and an authorised open-banking connection reads their categorised bank transactions directly — no statements, no PDFs to read.
Olimey analyses every signal
Transactions, documents and client responses are reconciled into a structured risk score — with each finding linked to its source.
Your conveyancer reviews and clears
Most matters are clear-cut: the fee-earner reviews the structured report and clears it in minutes. Only elevated or flagged cases are escalated to your MLRO — and either way, a human approves before the audit trail locks.
Olimey does the chasing — and the asking — so your conveyancers don't.
Olimey's AI works directly with your client to collect what's missing before the file ever reaches a fee-earner. It reviews the evidence, raises every enquiry it judges necessary — including the full Source of Funds and AML position of anyone gifting money into the transaction — and assembles a complete, sign-off-ready file. Your conveyancer simply reviews and approves the enquiries from inside Olimey. No back-and-forth emails, no chasing giftors, no half-finished files landing on a fee-earner's desk.
- Direct client liaison. Olimey gathers missing documents and information from your client automatically.
- Enquiries raised upfront. Every necessary question is surfaced at the start, not three weeks in.
- Giftors handled in full.The giftor's Source of Funds and AML checks are completed without your conveyancer lifting a finger.
- Review and approve in-app. Your fee-earner reviews and approves enquiries directly inside Olimey.
Everything your compliance file needs. Nothing it doesn't.
The evidence that protects you when someone asks how a matter was cleared — gathered, reconciled and ready to defend.
Source of Wealth analysis
LSAG / MLR 2017-aligned, with a clear Low / Medium / High classification and the reasoning behind it.
Bank-source transaction data
Categorised transactions pulled directly from the client's bank via an authorised open-banking provider, not re-keyed from PDFs.
Identity verification
Identity is verified by a regulated, FCA-authorised provider using a document check and a biometric liveness check.
Cross-document consistency
Payslips, bank credits and gift letters are reconciled against each other to surface contradictions automatically.
Audit-ready report
Every finding is traceable to its evidence and exportable — built to stand up to an SRA/CLC or HMRC inspection.
Risk-based human sign-off
Conveyancers clear straightforward matters; only elevated risk is escalated to your MLRO. No report finalises without a human, and accountability stays with your firm.
The gathering is automatic. The judgement never is.
Olimey assembles the file and links every finding to its evidence. Your conveyancer clears the straightforward matters; only the exceptions that genuinely need a second look reach your MLRO.
- Evidence-linked findings.Nothing is asserted that can't be shown — each line traces back to a transaction or document.
- Regulated data sources. FCA-authorised providers for identity and open banking — connected directly, never re-keyed.
- UK/EEA data residency. Client data is processed and stored in-region under UK GDPR.
- Immutable audit trail. Once cleared, the record locks and is retained for six years by default.
Built for residential conveyancing.
Purpose-built for the LSAG obligations property teams meet on every matter — at the volume conveyancing runs at, without the manual hours or the bottleneck holding up completions.
Residential purchases
Source of Funds and Source of Wealth on the buyer, evidenced on every matter without adding compliance headcount.
How it fits purchasesRemortgages & transfers of equity
Repeat checks on existing clients in minutes, so routine matters never stall waiting on compliance.
How it fits remortgagesGifted deposits & high-value matters
Cross-document consistency catches gift-letter and bank-credit mismatches before they reach your MLRO.
How it fits gifted depositsProtect your firm and free your fee-earners — starting today.
Run your first verification in minutes and give your team back the hours manual checks swallow — without ever lowering the standard of compliance. Available now for residential conveyancing teams across England and Wales, with 100 free credits and no card required.
No commitment. No long contracts. Designed for regulated firms in England and Wales.