A “Source of Funds” confirmation is required only if you live in, or 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.
Further information is available on the website of the German Financial Supervisory Authority BaFin (German only). The website can be accessed here.