Jurisdiction(s):
United Kingdom

Key definition

Funds definition

What does Funds mean? In legal practice, funds describes pooled investment arrangements where assets are managed to a stated investment objective for the benefit of participating investors. The term is descriptive and used across multiple contexts; specific definitions and rules appear in legislation and regulation, including the Financial Services and Markets Act 2000 and the UCITS and AIFMD regimes (as implemented in the UK and Ireland). Typical features include: investors holding units or shares that represent a proportionate interest; pricing by reference to net asset value; assets held by an independent depositary or custodian separate from the manager; and operation under constitutional documents and...

Client Source of Funds and Wealth Verification: Evidence Request and Declaration for AML Compliance

Published by a LexisNexis Practice Compliance expert

Precedents

Information for clients

By law, we must confirm the origin of funds [ and the source of wealth ] for your matter. Your data will stay confidential and be used solely to meet regulatory obligations. Without adequate details and/or proof showing how the monies for your transaction were obtained, we may not be able to move your matter forward. This process is a legal requirement and is carried out for compliance purposes. Kindly complete and return this form at your earliest convenience. It helps us satisfy mandatory checks on your transaction.

Client and matter details

Client(s) full name(s) or entity name(s) for corporate client(s): [ Insert full name(s) ]
Client/matter reference number: [ Insert client/matter reference number ]
Details of matter: [ Insert description ]

Source of funds information

Please describe how the funds used in this matter were generated. Include relevant amounts, dates, employer or transaction particulars, and any third-party participation. Be aware we may request three months’ bank statements...

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Web page updated on 22/05/2026

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