Source of Wealth vs. Source of Funds: What’s the Difference?
When investing, financial institutions require two key documents: Source of Wealth (SOW) and Source of Funds (SOF). While these terms sound alike, they have distinct meanings and play crucial roles in the Know Your Customer (KYC) process. Understanding the difference can streamline your investment journey and ensure compliance. What is Source of Wealth (SOW)? Source […]
