With the publication of FAQ’s from the Wolfsberg Group on Source of Wealth & Source of Funds, this important and complex area has at last supporting detailed guidance to help fighting financial crime practitioners. For details See: HERE.
For such an important topic, and one increasingly where regulators are taking a stricter line, this guidance is long overdue. It supplements already available information, which is in truth limited in the public domain. other source materials on SoW/SoF can be found here, including from the Editor of Financial Crime News: “Reflections on SoW/SoF by John Cusack – 2018” See HERE.
To READ/Download the FCN Graphic CLICK HERE: SoW:SOF by FC