Residential
Source of Wealth and Source of Funds

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) subject real estate agents to the same obligations as solicitors and banks. In compliance with these regulations JLL will request information and evidence around the Source of Wealth and Source of Funds for your purchase. This ensures transparency and helps prevent illicit activities such as money laundering and terrorist financing. We appreciate your cooperation in providing the necessary details.
| Source of Wealth (SOW) | Source of Funds (SOF) | |
|---|---|---|
| What is it? | How has your wealth been accumulated? | Where is the money coming from? |
| Why do we need to understand SOW/SOF? | To satisfy that the funds used to cover the purchase have originated from a legitimate source | To satisfy that the funds have come from an acceptable financial institution or country and from the expected client |
| What documents can I use to evidence SOW/SOF? *This is a non-exhaustive list |
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