These two terms are often confused. Source of funds explains where a specific payment or deposit came from. Source of wealth explains how a person accumulated their overall wealth. Providers may ask for one, the other, or both, depending on the case.
"Source of funds" is answered with evidence tied to a specific transaction — an invoice, a sale contract, a loan agreement. "Source of wealth" is answered with a broader picture — career history, prior business sales, inheritance — explaining how the person's overall financial position came to be.
Typically evidenced by an invoice, contract, or bank statement showing where a particular payment originated.
Typically evidenced by career history, business ownership records, prior liquidity events or inheritance documentation.
Larger transactions or higher-risk profiles are more likely to prompt a source-of-wealth request, not just source of funds.
It's not unusual for a provider to ask for source-of-funds evidence on a specific payment and source-of-wealth evidence on the individual, separately.
Tell us about your structure, activity and payment needs — the essentials, not a full application.
We assess the structure and requirements against what providers typically accept before recommending a direction.
We identify a suitable regulated provider and explain what is realistically available for your case.
You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
It depends on the provider's request — read carefully whether they're asking about a specific transaction (funds) or your overall financial history (wealth).
No — source-of-funds questions on a specific transaction can come up for any account, though source-of-wealth requests are more common at higher amounts or risk levels.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
No obligation — we review your case and respond with a straight answer.
Tell us about your company and payment needs — we review the case and point you to a provider genuinely suited to it.
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