General Circular (GC_4/2018): AML Guidance on establishing Source of wealth and Source of Funds

12/2/2018

TO ALL MEMBERS OF THE INSTITUTE

 (GC_4/2018)
 
Subject: AML Guidance on establishing Source of Wealth and Source of Funds 

It is herewith attached a circular prepared to provide Guidance to all members on establishing the Source of Wealth and the Source of Funds of their clients.

It is noted, that the attached Guidance includes a non-exhaustive list of steps to be followed and examples to be used during the process of establishing and documenting the Source of Wealth and the Source of Funds of clients and should be used only as an aiding tool while members should make all necessary adjustments to their assessment based on the nature and information available on their clients.

The Guidance may be updated from time to time.

AML Guidance on establishing Source of Funds and Source of Wealth.pdf

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