AML source of funds documentation for advisors

Answers are general operational information only — not legal, tax, regulatory, clinical, privacy, immigration, or professional advice. Requirements vary by matter, client, and regulator.

Frequently asked questions

Does Hivi-X run AML database checks?

No. Hivi-X collects SOF/SOW documents. PEP and sanctions screening require your firm AML tools or dealer systems.

When is SOF documentation commonly requested?

Large or unusual deposits, gifts, property or business sale proceeds, and entity account funding often trigger SOF/SOW requests per firm policy.

Can entity clients upload beneficial ownership registers?

Yes. Add formation documents and beneficial ownership as checklist items; clients upload through my-id.ca after login.

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