Your client’s source of wealth is the origin of their entire body of assets. This information provides an indication of the amount of wealth your customer would be expected to have, and a picture of how they acquired it.
Your customer's source of funds is narrower. It is the origin of funds used for the transactions or activities that occur within the business relationship with you.
What is the difference between source of wealth and source of funds?
Written by Jessica
Updated over a year ago