Source of Wealth verification is meant to answer one fundamental question:
Does a client’s wealth make sense?
In theory, it is a core safeguard against financial crime. In practice, it is often where KYC frameworks quietly break down.
Documents are accepted at face value. Explanations sound plausible but go unchallenged. Automated checks pass, while deeper inconsistencies remain unnoticed. Over time, Source of Wealth becomes a checkbox exercise rather than a meaningful risk control.
Curious to learn why that happens and what organisations can do about it?
Siyana Vacheva, Head of Risk & Compliance Business Services at A Data Pro, and Florian Pixner, Interim Executive Advisor at CVT Advisory, have worked extensively at the intersection of regulatory compliance, due diligence investigations, and risk data intelligence.
In this session, they used this combined expertise to examine where organisations most commonly encounter gaps in Source of Wealth verification—whether technological, procedural, or human—and how those gaps can be addressed.
More about our speakers
Head of Risk & Compliance Business Services
A Data Pro
A senior risk and compliance professional with over 17 years of experience across government, regulatory compliance, and financial crime risk management. She has led international teams delivering enhanced due diligence and sanctions-related investigations across more than 250 jurisdictions, and advises organisations on managing complex risk exposures. Her work focuses on the practical application of risk assessment frameworks, sanctions compliance, and adverse media analysis—bringing a regulator-informed, operational perspective to Source of Wealth verification and the gaps that can emerge in KYC processes.
Interim Executive Advisor
CVT Advisory
An experienced leader in risk intelligence and business information data with 20+ years’ experience helping data and intelligence businesses scale. He has held senior executive roles at Altrata/Wealth-X, KYC6 (Acuris) and Wealthmonitor, supporting regulated firms with KYC and Source of Wealth/Source of Funds data and intelligence challenges. He now leads CVT Advisory, advising risk intelligence and business information businesses on go-to-market execution and robust, defensible data strategies – bringing a practical lens to the webinar topic, “Source of Wealth Verification in KYC – Robust Control or Weak Link?”
What to expect
The discussion focused on the role of Source of Wealth verification in building a credible client profile within KYC. Siyana and Florian discussed how organisations can build stronger workflows by combining technology with human analysis, adopting a risk-based approach, and documenting a clear narrative behind a client’s wealth.
The conversation also covered practical challenges compliance teams face today, from avoiding siloed checks to using continuous monitoring and credible data sources to support risk assessments.
