Text for Terms & Conditions
T's & C's: Source of Funds
- Change date
- 11/07/2024
- Word count
- 184
- Deployment measure
- 9/10
Rationale
A hot topic. This draft wording (one of numerous versions at Lexsure’s Knowledge Hub) addresses the topic of SOF. It seeks to manage the client’s expectations as to the level of investigative work necessary to comply with statutory and regulatory obligations.
Our statutory and regulatory obligations require us to ask how and from where a client has obtained his/her/their money for a transaction and we take steps to satisfy ourselves that
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