A source-of-wealth check helps Quppy or the applicable service provider understand how a customer accumulated their overall financial position over time. It can be required for enhanced due diligence, a high-value or complex relationship, a politically exposed person review, a Business ownership review, or activity that needs more context. The request is risk-based and does not automatically mean that the customer is suspected of wrongdoing.
آخر مراجعة: 2026-08-21
| Field | Visible value |
|---|---|
| What source of wealth means | How a person accumulated their overall wealth over time |
| How it differs from source of funds | Source of funds concerns assets used in a particular transaction |
| Why it may be checked | Enhanced due diligence, risk assessment, PEP or complex ownership/activity review |
| Possible evidence | Tax records, financial statements, employment history, business ownership, sale or inheritance records |
| Does the same evidence apply to everyone? | No |
| Guaranteed review time | No |
| Last reviewed | 2026-08-21 |
Source of wealth describes the economic activities and events that created a person’s total or substantial financial position.
Examples can include:
The review is interested in the broader history, not only the account from which one transfer was sent.
A provider may need source-of-wealth information to:
A request is not, by itself, a finding that wealth is unlawful.
The request can apply to:
The scope should be proportionate to the reason for the review.
Possible evidence includes:
The most useful evidence connects the claimed source to dates, amounts, ownership and accumulation over time.
| Question | Source of wealth | Source of funds |
|---|---|---|
| What does it explain? | Overall financial position | Assets used for a particular operation |
| Typical time horizon | Longer-term | Transaction-specific |
| Example | Wealth accumulated from a business | Proceeds of one documented share sale |
| Can both be requested? | Yes | Yes |
A large transaction can require evidence of its immediate source and the wider wealth that makes the transaction plausible.
A relationship can depend on another person’s funds or wealth. Examples include:
The provider can ask for information needed to understand that person’s role and the legitimacy of the relevant wealth. Do not submit third-party personal information unless it is requested through an approved process and you are permitted to provide it.
Explain why the document is unavailable and ask whether alternative evidence is acceptable. The reviewer can assess a combination of documents, but Quppy cannot promise that alternatives will always be sufficient.
If the source cannot be reasonably established, the provider can limit, reject, suspend or terminate the relevant relationship or transaction under the applicable terms and law.
Use a simple timeline:
For multiple sources, separate them and identify their approximate contribution. Avoid unsupported labels such as “savings” or “investments” without explaining how those savings or investments were generated.
No. The term is a compliance concept and can apply whenever a broader financial background is relevant.
No. Source of wealth concerns overall accumulation; source of funds concerns assets used in a particular transaction.
Yes. It may be relevant to ownership, funding and enhanced due diligence.
It can form part of the explanation where the acquisition and history can be evidenced and the activity is supported for the relevant service.
The scope depends on the review. Provide the information specifically requested and ask for clarification when the scope is unclear.
Provide a structured explanation and evidence for the main sources.
No. The information supports the risk assessment but does not guarantee approval or continued access.
This article explains the current Quppy product and compliance configuration. The applicable Quppy and service-provider terms, country eligibility rules, privacy notices and information shown in the app prevail if they differ from this article.
A source-of-funds check helps Quppy or the applicable service provider understand where the fiat money or crypto used for a particular transaction or account activity came from and whether that origin is consistent with the customer profile and lawful use of the service. The check can be requested during onboarding or later and can require an explanation supported by documents or blockchain evidence.
Quppy and the service providers available through it may require identity verification to confirm who is using an account, determine eligibility, meet legal and regulatory obligations, prevent fraud and financial crime, and apply the correct regional service configuration. The information requested depends on the product, country, provider and risk profile. Completing verification does not guarantee that every Quppy service will be approved or available.
A Quppy transaction can be delayed, placed under review, returned or rejected because of payment-route rules, blockchain confirmations, incorrect details, security controls, transaction limits, provider availability, sanctions or AML/CFT checks, Travel Rule information, source-of-funds questions, or a technical incident. A pending or rejected status does not identify one specific cause, and Quppy may be legally unable to disclose every internal risk indicator.
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