020 8858 6971 contact us work for us Online Payment

Source of Funds and Source of Wealth

FIND OUT MORE

We require full details of the funds to be used for the purchase, who has provided the funds and how they were acquired.

PLEASE NOTE WE CANNOT EXCHANGE CONTRACTS OR RECEIVE TRANSACTION FUNDS WITHOUT FULL INFORMATION FROM YOU

Once information has been provided we will consider it on a risk-based approach and advise if we require any further information from you

EXPLANATORY NOTES

In order to comply with our anti-money laundering obligations pursuant to legislation in force, as part of the customer due diligence we are required to undertake in every transaction, we need to ask the question: How and  the source  of where our client received the money for this transaction?

We may also need to understand our client’s general source of wealth: the economic, business and/or commercial activities that generated, or significantly contributed to, the client’s overall net worth/entire body of wealth.

Please help us to meet our obligations by explaining as clearly as possible from where the funds being used in this transaction are derived from and providing any relevant evidence. We must be satisfied that your answers are “clear” and consistent with what we know about you, in order to fulfil our responsibilities and proceed.

Please avoid general answers. The following examples are NOT acceptable and may delay your transaction:

  • “Savings”– we need to know how your savings were built up and from where they were derived or
  • “UK bank account”– we need to know from where the account balance was derived

IF YOU ARE USING FUNDS ACCUMULATED OVER A PERIOD OF TIME, PLEASE PROVIDE A CURRENT BANK STATEMENT AND EVIDENCE OF FUNDS IN THAT ACCOUNT SIX MONTHS AGO AND A YEAR AGO.

IF YOU RECEIVED ONE OR MORE LUMP SUM PAYMENT(S) THEN PLEASE PROVIDE A COPY OF THE ENTRY ON YOUR BANK ACCOUNT.

  • “My business”we need to know which business and how funds were extracted, for example “profits paid by dividend over the last 10 years”
  • “Inheritance”we need to know when you inherited, from whom and how much.

PLEASE ALSO STATE HOW THE FUNDS WERE ACQUIRED. FOR EXAMPLE: INCOME (FROM WHERE), INHERITANCE (FROM WHOM), SALE OF A BUSINESS OR PROPERTY (DETAILS PLEASE).

  • “Sale of property” we need to know what property, when it was sold, how much funds you received.

FOR A SALE NOT DEALT WITH BY GRANT SAW SOLICITORS LLP– PLEASE PROVIDE EVIDENCE BY WAY OF A COMPLETION ACCOUNT FROM YOUR SOLICITORS AND BANK STATEMENT SHOWING THE DEPOSIT INTO YOUR BANK ACCOUNT.

  • “Gifted funds from family member” – we need to know who is providing the gift, their relationship to you, the amount of the gift and how they acquired the funds.

Please note that if funds are to be gifted then identity documents and bank statements are required from the person or persons providing the gift. They will also be required to provide a declaration confirming the gift. We shall provide a template. They will also be required to complete a Source of Funds Questionnaire.

Please note that we will assess transactions where funds are going to be lent by a third party and will let you know whether we can act.

Thank you for taking time to complete this questionnaire and helping us to comply with the obligations on us as a firm regulated by the SRA. We understand that some clients will feel that this a private matter and that we are seeking too much information, but we are bound by the guidance issued to us at paragraph 6.17 of the Guidance which can be found at https://www.sra.org.uk/globalassets/documents/solicitors/firm-based-authorisation/lsag-aml-guidance.pdf

 

Meet the Source of Funds and Source of Wealth team
Ray Crudgington
Managing Partner
greenwich
02083054224
ray.crudgington@grantsaw.co.uk
Maria Lati
Partner
Head of Residential Property
blackheath
02083054229
maria.lati@grantsaw.co.uk
Michael Clary
Partner
Head of Family
greenwich
02083054237
michael.clary@grantsaw.co.uk
Kalpa Prajapati
Partner
Head of Private Client
blackheath
02083053536
kalpa.prajapati@grantsaw.co.uk
Mario Savvides
Partner
Head of Commercial Property
greenwich
02083053531
mario.savvides@grantsaw.co.uk
Sarah-Kate Jackson
Partner
Head of Litigation
greenwich
02083054236
sarah-kate.jackson@grantsaw.co.uk
Adina-Leigh Collins
Litigation
Solicitor
greenwich
02083053556
adina-leigh.collins@grantsaw.co.uk
Aimal Gram
Commercial Property
Solicitor
greenwich
02083053524
aimal.gram@grantsaw.co.uk
Aisha Mohammed
Residential Property
Solicitor
greenwich
02083054228
aisha.mohammed@grantsaw.co.uk
Aishat Balogun
Aishat Balogun
Family
Solicitor
greenwich
02083054214
aishat.balogun@grantsaw.co.uk
An Le Tran
Commercial Property
Professional Support Solicitor
greenwich
02083054226
anle.tran@grantsaw.co.uk
Angus Young
Litigation
Solicitor
greenwich
02083054225
angus.young@grantsaw.co.uk
Atifha Aftab
Atifha Aftab
Family
Solicitor
greenwich
02083054238
atifha.aftab@grantsaw.co.uk
Bimal Kotecha
Litigation
Solicitor
greenwich
02083053523
bimal.kotecha@grantsaw.co.uk
Charlotte Mandy
Charlotte Mandy
Private Client
Solicitor
blackheath
02083054231
charlotte.mandy@grantsaw.co.uk
Claire Mac Mahon
Litigation
Solicitor
greenwich
02083053537
claire.macmahon@grantsaw.co.uk
Deborah Taite
Residential Property
Solicitor
blackheath
02083053542
deborah.taite@grantsaw.co.uk
Emily Pearce
Residential Property
Solicitor
greenwich
02083053526
emily.pearce@grantsaw.co.uk
Georgia Beales
Litigation
Paralegal
greenwich
02083054206
georgia.beales@grantsaw.co.uk
James McKimm
James McKimm
Corporate and Commercial
Solicitor
greenwich
02083054217
james.mckimm@grantsaw.co.uk
Jeremy Brooks
Jeremy Brooks
Private Client
Solicitor
blackheath
02083053534
jeremy.brooks@grantsaw.co.uk
Joanna Godden
Notary Public
Notary
greenwich
02083083535
joanna.godden@grantsaw.co.uk
Kim Whitaker
Kim Whitaker
Corporate and Commercial
Head of Corporate and Commercial
greenwich
02083053539
kim.whitaker@grantsaw.co.uk
Laura Danquah
Compliance Manager
greenwich
02083054222
laura.danquah@grantsaw.co.uk
Lauren Smith
Employment and Family
Paralegal
greenwich
02083053543
lauren.smith@grantsaw.co.uk
Maleeha Iqbal
Residential Property
Licensed Conveyancer
greenwich
02083054232
maleeha.iqbal@grantsaw.co.uk
Mandeep Clair
Family
Solicitor
greenwich
02083054235
mandeep.clair@grantsaw.co.uk
Michael Pope
Employment
Consultant Solicitor
greenwich
02083053540
michael.pope@grantsaw.co.uk
Michelle Pinnington
Michelle Pinnington
Residential Property
Solicitor
greenwich
02083054216
michelle.pinnington@grantsaw.co.uk
Raj Waghela
Raj Waghela
Residential Property
Solicitor
greenwich
02083053529
raj.waghela@grantsaw.co.uk
Randeep Thethy
Randeep Thethy
Residential Property
Solicitor
greenwich
02083054209
randeep.thethy@grantsaw.co.uk
Ruggero Pesciatini
Ruggero Pesciatini
Corporate and Commercial
Paralegal
greenwich
02083054220
ruggero.pesciatini@grantsaw.co.uk
Saad Hameed
Residential Property
Trainee Solicitor
greenwich
02083053528
saad.hameed@grantsaw.co.uk
Sarah Conner
Sarah Conner
Private Client
Solicitor
blackheath
02083054234
sarah.conner@grantsaw.co.uk
Simran Lalli
Simran Lalli
Employment
Solicitor
greenwich
02083054208
simran.lalli@grantsaw.co.uk
Susan Collins
Commercial Property
Solicitor
greenwich
02083054200
susan.collins@grantsaw.co.uk
Tatiana Zenina
Tatiana Zenina
Private Client
Solicitor
blackheath
02083054239
tatiana.zenina@grantsaw.co.uk
Trisha Djemal
Trisha Djemal
Residential Property
Consultant Solicitor
blackheath
02083053546
trisha.djemal@grantsaw.co.uk
Tyrone Grant
Residential Property
Head of Leasehold Enfranchisement
blackheath
02083053522
tyrone.grant@grantsaw.co.uk
Denise
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Jayne Lye
Support Staff
Office Manager
greenwich
02083054204
jayne.lye@grantsaw.co.uk
Jamie
Support Staff
Head of IT
greenwich
02088586971
enquiries@grantsaw.co.uk
Kasia
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Michael Tobin
Michael Tobin
Support Staff
Marketing and Business Development Manager
greenwich
02083053550
michael.tobin@grantsaw.co.uk
Sue Holness
Support Staff
Customer Services
greenwich
02083054221
sue.holness@grantsaw.co.uk