What is Source of Funds and Source of Wealth?
Definition: Source of funds (SoF) is the origin of the money a player uses for deposits. Source of wealth (SoW) is how the player built up their overall wealth.
The difference in practice:
- SoF answers where this specific money came from, e.g. salary paid into the account used for deposits.
- SoW answers how the player's total assets were accumulated, e.g. business ownership, inheritance or property sale.
Typical documents:
- Payslips or employment contracts.
- Bank statements.
- Tax returns or company accounts.
- Property sale or inheritance documents.
When it is requested: as part of enhanced due diligence, when deposits pass set thresholds or when transaction monitoring flags an account.
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