Source of Funds Declaration

A source of funds declaration is documentation proving the legitimate origin of capital used for property purchase, required under UAE AML regulations for transaction approval.

Acceptable SourcesDocumentation
Employment incomeSalary certificates, bank statements, tax returns
Business profitsAudited financials, profit distribution records
Investment returnsBrokerage statements, sale proceeds
InheritanceProbate documents, estate distribution records
Loan proceedsLoan agreement, bank confirmation
GiftGift letter, donor's source of funds
SavingsMulti-year bank statements showing accumulation
Documentation StandardsRequirement
Bank statements6 to 12 months showing fund flow
CertificationNotarized or bank-certified preferred
TranslationCertified English or Arabic if foreign language
AttestationEmbassy or MOFA legalization for foreign docs
ConsistencyDocuments must reconcile with declared source
Red flagsLarge cash deposits, unclear origins, inconsistencies


Related Terms

Anti-Money Laundering (AML) ComplianceKYCKYC (Know Your Customer)FATF ComplianceFund OriginDue Diligence

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