Why is my source of wealth important?
As an investment firm authorised and regulated by the Financial Conduct Authority (FCA), Tifosy is required to put in place checks to prevent financial crime including Money Laundering and Terrorist Financing. To do so, Tifosy may be required to determine that funds associated with your investment are clearly derived from legitimate means and that you have the authority to invest these funds.
Source of wealth may be particularly important to determine in certain cases, such as investments made on behalf of a company or by a Politically Exposed Person.