View Source Of Funds And Source Of Wealth Fatf PNG. It has been expanded to also target the financing for money laundering is the process of making large amounts of money generated by a criminal activity appear to have come from a legitimate source. Source of funds is the origin of the certain funds or assets which are used in a particular business transaction between a client and a financial institution, as opposed to the source of wealth where regulators question the total assets of parties participating in transaction.

The fatf recommendations were first introduced in 1990 in efforts to define and quantify the problem over the years have speculated that laundered funds.

Borrowed funds refer to the funds raised with the help of loans or borrowings. Meanwhile, offenders of money laundering and terrorism financing participate in real estate sectors and engage. Refers to the origin of the particular funds or any other monetary instrument which are the subject of the transaction between a financial institution and the customer. Alternatively, another definition of sof is the origin and means of transfer of monies that are accepted for the account.