A “Source of Funds” confirmation is required, if you transfer your blocked amount in full or in part from a country that is considered "high-risk" per the EU money laundering regulations or the regulations of the German Financial Supervisory Authority (BaFin).
High Risk Countries for Money Laundering
according to EU money laundering regulations and regulations of the German
Afghanistan
Algeria
Angola
Bolivia
British Virgin Islands
Ivory Coast
Haiti
Iran
Yemen
Cameroon
Kenya
Laos
Lebanon
Congo, Democratic Republic of the
Monaco
Myanmar
Namibia
Nepal
North Korea
Russia
South Sudan
Syria
Trinidad and Tobago
Vanuatu
Venezuela
Vietnam
If applicable to you, the Fintiba app will seamlessly guide you through the Source of Funds verification process.
Please note: In individual cases, a source of funds confirmation may also be necessary.
Further information is available on the website of the German Financial Supervisory Authority BaFin (German only). The website can be accessed here.