# Your AI agent for

# Source of Funds Document Verification

Financial document verification for AML compliance with bank statement analysis and fund source validation

## Resolve cases 10X faster with AI

Parcha AI agents complete deep research and analysis on hundreds of entities across thousands of datapoints to assess compliance risk in minutes.

### Verify Source of Funds

Verify the authenticity of source of funds documentation including bank statements, employment records, and investment documents. Automatically validates document legitimacy and ensures funds originate from legitimate sources for AML compliance.

- Advanced detection of fabricated or altered financial documents preventing money laundering
- Instant validation of fund sources against legitimate employment and investment records
- Comprehensive AML compliance verification meeting global regulatory standards for fund tracing

[Learn more](https://www.parcha.ai/checks/source-of-funds)

### Income Source Validation

Verify individual source of income documentation including employment records, tax returns, and financial statements. Automatically validates income legitimacy and ensures compliance with KYC and AML requirements for individual customers.

- Advanced verification of employment records and income documentation
- Instant validation of income sources against legitimate employment and business records
- Comprehensive AML compliance verification for individual income source tracing

[Learn more](https://www.parcha.ai/checks/source-of-income)

## 20+ compliance checks available

### Browse our library of identity & business verifications

- [Address Verification](https://www.parcha.ai/checks/address-verification)
- [PEP Exposure](https://www.parcha.ai/checks/politically-exposed-person)
- [Sanctions & Watchlists](https://www.parcha.ai/checks/sanctions)
- [Source of Funds](https://www.parcha.ai/checks/source-of-funds)
- [Merchant Categorization Code](https://www.parcha.ai/checks/merchant-categorization-code)
- [High Risk Industries](https://www.parcha.ai/checks/high-risk-industries)
- [Customer Reviews](https://www.parcha.ai/checks/customer-reviews)
- [High Risk Countries](https://www.parcha.ai/checks/high-risk-countries)
- [Business Ownership](https://www.parcha.ai/checks/business-ownership)
- [Business Deep Research](https://www.parcha.ai/checks/business-deep-research)
- [State Owned Entity](https://www.parcha.ai/checks/state-owned-entity)
- [Legal Entity Status](https://www.parcha.ai/checks/legal-entity-status)
- [Incorporation Documents](https://www.parcha.ai/checks/incorporation)
- [Proof of Residence](https://www.parcha.ai/checks/proof-of-residence)
- [Source of Income](https://www.parcha.ai/checks/source-of-income)
- [EIN Verification](https://www.parcha.ai/checks/employer-identification-number)
- [MCC Classification](https://www.parcha.ai/checks/merchant-category-code)
- [TIN Validation](https://www.parcha.ai/checks/tax-identification-verification)
- [Adverse Media](https://www.parcha.ai/checks/adverse-media)
- [Person Deep Research](https://www.parcha.ai/checks/person-deep-research)

## What document types can Parcha verify?

Parcha verifies all major business documents including Articles of Incorporation, EIN certificates, proof of address, ownership documents, source of funds statements, and identity documents with advanced fraud detection.

## How does Parcha detect document fraud?

Parcha uses advanced AI to analyze document structure, fonts, seals, signatures, and metadata while cross-referencing with official databases. Our fraud detection identifies altered, fabricated, or counterfeit documents with 99%+ accuracy.

## How does Parcha extract data from documents?

Parcha uses advanced OCR and multimodal AI to extract structured data from documents, automatically identifying key fields like names, dates, addresses, and registration numbers with high accuracy even from poor-quality scans.

## How does Parcha validate AML screening results?

Parcha validates screening hits by cross-referencing with web presence data, career history, and public records. Each match includes confidence scoring, source documentation, and clear rationale for true/false positive determination.

## Can I export Parcha results for audit purposes?

Yes, all Parcha results include comprehensive audit trails with source documentation, confidence scores, and detailed rationale. Results can be exported in multiple formats suitable for regulatory reporting and audit review including as PDFs and CSVs.

## Parcha is enterprise-grade

Parcha is built with enterprise-grade security, privacy and compliance. We put guardrails and limitations on AI to make sure you are always in control.

- **SOC 2 Type 2**: Parcha is SOC 2 Type 2 compliant as evaluated by a third-party security auditor.
- **Security**: Each customer gets a private instance with SSO and granular access controls.
- **Control**: You are always in control of how AI is used to carry out each step in your compliance workflow.