In compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, JLL may be obligated by law to request additional information and evidence regarding the Source of Wealth and Source of Funds
of a 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) |
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What is it? | How has your wealth been accumulated? | Where is the money coming from? |
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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 | - Employment: e.g. Payslips, tax documents, bank statements showing regular income.
- Inheritance or Gifts: e.g. Inheritance documents, legal statements, deed of gift, bank statements documenting transfers.
- Real Estate Transactions: e.g. Property deeds, sales contracts.
- Investment Returns: e.g. Investment account statements, brokerage statements, dividend payment records, capital gains reports.
- Sale of Assets: e.g. Sales contracts, transfer of ownership documents.
- Business Ownership: e.g. Business registration documents, financial statements, corporate tax returns, ownership certificates.
- Lottery Winnings: e.g. Official lottery documentation.
- Other Sources: e.g. Court settlements, insurance payouts, trust fund documentation, intellectual property rights, royalties.
| - Loans: Loan agreements,
- Mortgage: Mortgage in principle with details of the mortgage provider
- Savings and Deposits: Bank statements
- Bank Letter confirming the funds
- Transaction receipts showing:
- Location where the funds came from
- Name of bank
- In what currency
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