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Source of Wealth and Source of Funds

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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 sourceTo 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
  1. Employment: e.g. Payslips, tax documents, bank statements showing regular income.
  2. Inheritance or Gifts: e.g. Inheritance documents, legal statements, deed of gift, bank statements documenting transfers.
  3. Real Estate Transactions: e.g. Property deeds, sales contracts.
  4. Investment Returns: e.g. Investment account statements, brokerage statements, dividend payment records, capital gains reports.
  5. Sale of Assets: e.g. Sales contracts, transfer of ownership documents.
  6. Business Ownership: e.g. Business registration documents, financial statements, corporate tax returns, ownership certificates.
  7. Lottery Winnings: e.g. Official lottery documentation.
  8. Other Sources: e.g. Court settlements, insurance payouts, trust fund documentation, intellectual property rights, royalties.
  1. Loans: Loan agreements,
  2. Mortgage: Mortgage in principle with details of the mortgage provider
  3. Savings and Deposits: Bank statements
  4. Bank Letter confirming the funds
  5. Transaction receipts showing:
    • Location where the funds came from
    • Name of bank
    • In what currency