Source of Wealth (SoW)
Establishing the origin of overall wealth for higher-risk relationships.
1. Purpose
Draft for review. This document is an internal working template prepared to support commercial onboarding and institutional due diligence. It does not constitute legal advice and must be reviewed and approved by FLOWA PAY INC.'s legal and compliance functions before it is relied upon. FLOWA PAY INC. makes no representation that it holds any licence, authorisation or certification except the FINTRAC Money Services Business registration expressly stated in the Regulatory Disclosures.
Source of wealth ("SoW") measures establish how a customer's overall body of wealth was accumulated, typically as part of Enhanced Due Diligence.
2. Measures
We assess and, where appropriate, corroborate the origin of wealth using reliable information proportionate to the assessed risk.