Source of Funds VS Source of Wealth
valerie
Array
13 June, 2023
Source of Wealth and Source of Funds are terms that refer to the information that helps subject persons identify the ML/FT risks associated with a client as well as helping subject persons to build a customer profile based on the information. The scope of this information capture is to meet obligations established by law and help with the fight against Money Laundering and Funding of Terrorism. Hence, what do these terms refer to and what are our obligations?
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