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Sourcing anti money laundering requirements


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Looking for some advice on Anti Money Laundering and sourcing companies. Should proof of just investment capital be enough when investing cash (for example receivings from sale of property)? Or would sourcers require copies of all accounts and payslips for AML purposes?

I appreciate your help.

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Hi maciek

I'm not a sourcer, nor have I used one, but I think it'll be fairly similar to when the agents/brokers/conveyancers/solicitors request proof of funds for AML purposes. 

This article might help. If you have a copy of the sales agreement, then a copy of the bank statement showing the funds being received, that should be sufficient.

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Thanks Derek. Yup this is inline with my thinking and I would say common sense. Not sure why the sourcers I talked to insisted on access to all my financials.

Either way thank you for response.

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