Why is a proof of source of funds required for deposits to UnitPlus Business?

Proof of source of funds for deposits to your custody account with UnitPlus Business is a legally required component of money laundering prevention. Financial institutions are obliged to thoroughly check the source of funds in order to prevent illegal financial activities. This applies not only to cash deposits, but also to transfers, even if they originate from another German bank account. Even if the transferring bank has already carried out a check, we are obliged to carry out our own checks. These security measures serve to protect all our corporate customers and ensure compliance with the Money Laundering Act.