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SOURCE OF FUNDS DECLARATIONNote: Laban Borneo Trustees Limited has policies in place to ensure compliance with Malaysia and international antimony laundering and terrorist financing laws and regulations.
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How to fill out source of funds declaration

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How to fill out source of funds declaration

01
To fill out the source of funds declaration, follow these steps:
02
Begin by writing your name, address, and contact details at the top of the form.
03
Indicate the purpose of the source of funds declaration, such as applying for a loan or opening a bank account.
04
Provide a detailed explanation of your source of funds, including the name of the employer or business, the nature of the income (salary, rental income, business profits, etc.), and the frequency of receiving such funds.
05
If your funds are from investments, provide information about the investment type, such as stocks, bonds, or real estate, and include details on the expected returns.
06
If you receive funds from other individuals, state their names, relationship to you (if any), and the purpose of the transfer.
07
Include any relevant supporting documents to substantiate your claims, such as bank statements, tax returns, or employment contracts.
08
Review the completed form to ensure all information is accurate and complete.
09
Sign and date the source of funds declaration.
10
Submit the form to the relevant authority or institution that requires it.
11
Please note that the specific requirements for the source of funds declaration may vary depending on the jurisdiction and the purpose for which it is required. It is recommended to consult with the relevant institution or seek professional advice if needed.

Who needs source of funds declaration?

01
The source of funds declaration is often required by financial institutions, including banks, credit unions, and investment firms.
02
It may also be required when applying for a loan, mortgage, or other forms of credit.
03
Additionally, individuals involved in financial transactions, such as buying or selling properties, making large investments, or conducting business deals, may be asked to provide a source of funds declaration.
04
The purpose of this requirement is to ensure transparency and compliance with anti-money laundering (AML) and know your customer (KYC) regulations.
05
By declaring the source of funds, institutions can assess the legitimacy of the funds and mitigate any potential risks of financial crimes or illicit activities.

What is SOURCE OF FUNDS DECLARATION Form?

The SOURCE OF FUNDS DECLARATION is a fillable form in MS Word extension you can get completed and signed for specified purpose. Then, it is provided to the relevant addressee to provide specific information of any kinds. The completion and signing is possible manually in hard copy or with an appropriate solution like PDFfiller. Such tools help to complete any PDF or Word file without printing them out. It also allows you to customize it according to your requirements and put a legal e-signature. Once finished, you send the SOURCE OF FUNDS DECLARATION to the respective recipient or several of them by email or fax. PDFfiller includes a feature and options that make your Word form printable. It includes a variety of settings when printing out. No matter, how you'll deliver a form - physically or by email - it will always look well-designed and firm. In order not to create a new file from scratch all the time, turn the original file as a template. After that, you will have an editable sample.

Instructions for the form SOURCE OF FUNDS DECLARATION

Once you're about filling out SOURCE OF FUNDS DECLARATION form, ensure that you have prepared enough of required information. That's a mandatory part, as long as some typos may cause unwanted consequences from re-submission of the whole word template and finishing with missing deadlines and you might be charged a penalty fee. You have to be especially careful filling out the figures. At first sight, this task seems to be dead simple thing. Nonetheless, it's easy to make a mistake. Some people use such lifehack as saving their records in another file or a record book and then add this into documents' sample. However, put your best with all efforts and provide true and correct data in your SOURCE OF FUNDS DECLARATION form, and check it twice while filling out all the fields. If you find any mistakes later, you can easily make some more corrections when working with PDFfiller editing tool and avoid blowing deadlines.

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Source of funds declaration is a document that discloses the origins of the funds being used in a financial transaction.
Individuals or entities engaging in financial transactions that involve a large sum of money are usually required to file a source of funds declaration.
Source of funds declaration can be filled out by providing detailed information about where the funds are coming from, such as bank statements, investment records, or business income.
The purpose of source of funds declaration is to prevent money laundering and ensure that funds used in financial transactions are obtained through legitimate means.
Information such as the source of the funds, the amount of the funds, and supporting documentation to verify the legitimacy of the funds must be reported on a source of funds declaration.
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