Source of wealth means how a person or entity accumulated overall wealth over time, not just the origin of one transaction. It can include business ownership, inheritance, employment income, investments, asset sales, or other lawful activity, and is commonly reviewed in enhanced due diligence for higher-risk customers.
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Glossary term
What is Source of wealth?
Source of wealth means how a person or entity accumulated overall wealth over time, not just the origin of one transaction. It can include business ownership, inheritance, employment income, investments, asset sales, or other lawful activity, and is commonly reviewed in enhanced due diligence for higher-risk customers.