What is GlobalDoc Verify?

GlobalDoc Verify supports secure identity and document checks across 32 pages, helping organizations confirm records with biometric and expert review tools.

What documents can support Source of Funds?

Commonly bank statements, sale agreements, invoices, business records, investment statements, loan documentation and property-sale records. Requirements vary depending on the institution, transaction and applicable regulations.

Why might a bank request proof of Source of Funds?

High-value or unusual transactions often warrant confirmation that the funds have a legitimate, explainable origin. Providing coherent documentation protects both the customer and the institution, and is a normal part of risk-based due diligence.

Financial Verification

Source of Funds Verification

Source of Funds review that helps organisations establish where the particular money involved in a transaction originated, supported by documentary evidence and clearly documented findings.

What is Source of Funds?

Source of Funds asks: where did the particular money involved in this transaction originate? It is transaction-specific — the question is not how wealthy the customer is, but where this specific amount came from. A salary, a property sale, a business distribution or an investment redemption are all common legitimate answers.

Supporting Evidence

Appropriate evidence depends on the claimed origin and commonly includes bank statements, sale agreements, invoices, business records, investment statements, loan documentation and property-sale documentation. We review the documentation presented, check it for internal consistency, and compare it against the transaction it is meant to support.

Requirements Vary

Documentation requirements depend on the institution, the transaction and applicable regulations — a large property purchase justifiably attracts different questions than a routine account credit. We report what the evidence supports and what remains unverified rather than presenting assumptions as conclusions.

What We Verify / Review

Bank statements and account activity
Sale and purchase agreements
Invoices and business records
Investment and dividend statements
Loan and finance documentation
Property-sale documentation
Consistency with the transaction profile

How the Process Works

1Understand the transaction the funds support
2Obtain the customer's explanation and supporting documentation
3Review the documents for consistency and completeness
4Cross-check against the transaction details
5Flag gaps, inconsistencies or unverifiable elements
6Deliver a documented source of funds assessment

Who May Need This Service

Banks reviewing high-value transactions
Estate agencies and conveyancers
Investment and wealth platforms
Vehicle and luxury asset dealers
Insurers and lenders

Documents & Information That May Be Required

Requirements may vary depending on the institution, jurisdiction, customer risk profile and nature of the transaction.

Bank statements covering the relevant period
Sale agreements and proof of completion
Invoices or contracts supporting the claimed origin
Investment statements or redemption confirmations
Loan approvals and agreements
Business financial records where the funds are business-derived

Service Overview

Transaction-specific origin review
Documentary evidence assessment
Bank statement review
Sale and transaction documentation
Consistency checks
Documented findings

Request Verification Submit a Document

GlobalDoc Verify provides document verification, identity verification, screening and compliance-support services. Our services are designed to assist organisations with verification and risk-management processes and do not constitute legal, financial or regulatory advice unless expressly stated. Regulatory requirements vary by jurisdiction, institution, customer risk profile and transaction type. Completion of a verification process does not guarantee account opening, transaction approval, regulatory approval or acceptance by a bank, financial institution or other third party.

Related Services

Source of Wealth Customer Due Diligence (CDD)Transaction Monitoring Enhanced Due Diligence (EDD)

Source of Funds — Frequently Asked Questions

Source of Funds asks where the particular money involved in a specific transaction originated — for example a salary payment, property sale or investment redemption. It is transaction-specific, unlike Source of Wealth, which concerns how overall wealth accumulated.

More answers in the KYC, AML & Document Verification FAQ hub, or browse the compliance glossary.

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