Source Versus Path of Funds
What is the difference between the “source” and path of funds?
We use these terms to prove that the funds belong to the investor and the funds were derived from legal activity.
Source. The funds must be shown to have been earned legally and not be drug or mafia profits. Documents include tax returns when available, company papers, wills, property sales records, bank savings documents, etc.
Path. We gather documents to show the transfer of the funds from the source to the investor to the investment (usually a Regional Center). We gather the bank wire transfer records. In some cases there is a gap in the chain from the source bank account to the investment. Sometimes, the funds go to an agent who helps send the funds out from certain countries such as China, Iran, Nigeria, and other countries with currency restrictions. So far, USCIS usually accepts the documents provided when agents are used.
We spend considerable time with our clients to assist with this aspect of the case.
Martin
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