List of examples of appropriate supporting documentation required to establish source of funds and source of wealth
| Description | Documentary evidence required |
| Employment income | One of the following: 1. Payslips from the last three months (at least), including bonus payments, clearly showing employer and amount received; 2. Letter from employer confirming salary (should be issued on letter-headed paper clearly showing appointment held, registered address and registration number of the company). This evidence can only be provided where the client is not a shareholder; 3. Income Tax Return Form (with a mark of the tax authority on receipt or confirmation of the issuance of electronic document). |
| Maturity of life policy | 1. Life policy; 2. Closing statement clearly indicating closing amount and name of customer; 3. Bank statements clearly showing receipt of payout and name of insurance company. |
| Sale of investments | 1. Investment/savings certificates, contract notes; 2. Bank statement clearly showing receipt of funds and name of investment company; 3. Letter detailing receipt of funds from a regulated accountant or regulated broker. |
| Property sale | 1. Sale contract (original document, or properly certified copy); 2. Proof of receipt of funds e.g. bank statement; 3. Letter from a licensed solicitor or regulated accountant, stating property address, date of sale, proceeds received, and name of purchaser; 4. Extract from official Property register. |
| Company sale | 1. Contract of sale (original document, or properly certified copy); 2. Bank statement confirming proceeds received; 3. Letter detailing company sale signed by a licensed solicitor or regulated accountant; 4. Documents, confirming the client’s ownership of the sold company; 5. Internet research of Company Registry 6. any alternative set of documents, confirming the ownership and transfer of the ownership of the company accordingly (p.”c-e”)). |
| Divorce settlement | 1. Court order; 2. Letter detailing divorce settlement as well as clearly indicating the amount of settlement and signed by a licensed solicitor or advocate. |
| Deposit, savings | 1. Documents of how the savings were acquired (as detailed in this table); 2. Savings statement clearly showing name of customer and amount of funds. |
| Inheritance | 1. The Will or Grant of Probate (original document or properly certified copy) 2. Signed letter from a licensed solicitor/ trustees/ executor clearly indicating the amount of inheritance; 3. Bank statement confirming proceeds received or other documentary evidence shall be required to support this (depends on the inherited assets). |
| Gift or Donation | 1. Documentary evidence of the donor’s source of wealth (as detailed in this table); 2. Bank statement confirming proceeds received or other documentary evidence shall be required to support this (depends on the gift or donation); 3. Gift/donation agreement. |
| Lottery or Gambling win | 1. Evidence from the lottery company; 2. Cheque/ Winnings’ receipt. |
| Retirement income | One of the following: 1. Pension statement clearly showing name of provider, name of customer, amount and frequency of income; 2. Bank account statement showing name of pension provider, name of customer and receipt of pension income. |
| Company profits | One of the following: 1. Copy of latest audited company accounts; 2. Documentary evidence of the nature of business activity and turnover – contracts, invoices, transportation documents, bank statements confirming proceeds received, etc. |
| Dividend payment | 1. Copy of latest audited company accounts; 2. Board minutes for directors' showing the dividend details, client’s name and entitlement; 3. Bank statement confirming proceeds received. |
| Loan agreement | Loan from/offered by regulated bank: 1. Loan agreement; 2. Re-payment schedule of the Loan; 3. Bank statement confirming receipt of a loan; 4. Business purpose of a loan; Loan from UBO/affiliated person (if the Client UBO is the majority shareholder): 1. Loan agreement; 2. Re-payment schedule of the Loan; 3. Bank statement confirming receipt of a loans; 4. Business purpose of a loan; 5. Documentary evidence of the lender’s source of funds and source of wealth (as detailed in this table); 6. Documents confirming the legal status, shareholder (s), ultimate beneficial owner(s) and director(s); Loan from a third party (in exceptional cases only): 1. Loan agreement;Re-payment schedule of a loan; 3. Bank statement confirming receipt of a loan; 4. Business purpose of a loan; 5. Documentary evidence of the lender’s source of funds and source of wealth (as detailed in this table); 6. Documents confirming the legal status, shareholder (s), ultimate beneficial owner(s) and director(s) proof of identity; 7. Documentary evidence of business activities (for an offshore company); 8. Audited financial statement (for an offshore company). |
