What is a source of funds check?

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Source of funds and (or) wealth check (SOF/SOW) is a request for a proof that your funds come from a legitimate source. That could be your salary, savings, sale of property or other source. 

There are several very important reasons why we ask you to tell us where your money comes from:

  • to verify that the operations made were conducted by you;

  • to protect all our clients and their funds from fraud or being linked with any illegal activity;

  • to comply with the relevant anti-money laundering and counter-terrorist financing laws and regulations applicable to us including FATF Recommendations.

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