Swipelux

Source of Funds

Document source of funds and expected transaction volumes for AML compliance

Provide source of funds information for AML (Anti-Money Laundering) compliance.

PATCH /v1/customers/:id/source-of-funds

Request Example

PATCH https://wallet.swipelux.com/v1/customers/biz_cK69MttD5nAUAbud1B/source-of-funds
Content-Type: application/json
X-API-Key: your_api_key
 
{
  "sourceOfFunds": "business_revenue",
  "sourceOfFundDescription": "Revenue from investment management services",
  "purposeOfFunds": "operational_expenses",
  "purposeOfFundsDescription": "Treasury management and cross-border payments",
  "expectedMonthlyVolumeUsd": 2500000,
  "flowDescription": "SEPA inflows converted to USDC for international transfers"
}

Request Fields

FieldTypeRequiredDescription
sourceOfFundsstringYesPrimary source of funds
sourceOfFundDescriptionstringYesDetailed description of fund sources
purposeOfFundsstringYesPrimary purpose for using the service
purposeOfFundsDescriptionstringYesDetailed description of intended use
expectedMonthlyVolumeUsdnumberYesExpected monthly volume in USD
flowDescriptionstringYesDescription of typical transaction flows

Source of Funds Types

  • business_revenue - Operating revenue from business activities
  • investment_returns - Returns from investments
  • capital_injection - Shareholder capital contributions
  • loan_proceeds - Business loans or credit facilities
  • sale_of_assets - Proceeds from asset sales
  • other - Other sources (provide detailed description)

Purpose of Funds Types

  • operational_expenses - Day-to-day business operations
  • cross_border_payments - International payments and transfers
  • investment_activities - Investment transactions
  • treasury_management - Corporate treasury operations
  • payroll - Employee compensation
  • vendor_payments - Supplier and vendor payments
  • other - Other purposes (provide detailed description)

Volume Guidelines

Expected monthly volumes should reflect realistic transaction patterns:

  • Small Business: $10,000 - $100,000
  • Medium Business: $100,000 - $1,000,000
  • Large Business: $1,000,000 - $10,000,000
  • Enterprise: $10,000,000+

Response

{
  "id": "biz_cK69MttD5nAUAbud1B",
  "legalName": "Acme Investment GmbH",
  "status": "incomplete",
  "sourceOfFunds": {
    "sourceOfFunds": "business_revenue",
    "sourceOfFundDescription": "Revenue from investment management services",
    "purposeOfFunds": "operational_expenses",
    "purposeOfFundsDescription": "Treasury management and cross-border payments",
    "expectedMonthlyVolumeUsd": 2500000,
    "flowDescription": "SEPA inflows converted to USDC for international transfers"
  },
  "updatedAt": "2025-10-17T15:50:00Z"
}

Next Steps

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