In line with EU AMLD5 and MiCA regulations in Europe, we're legally required to complete source of funds and source of wealth checks above certain total order thresholds. The purpose of these checks is to verify how you're funding your purchases, such as with savings, salary, investment earnings etc, and how you've established your overall net worth.
Below are examples of what information might be requested based on your funding sources. More information is provided for how to complete these checks if they're required on your account at any point.
Source of funds checks
recent payslip or salary statement
bank statement showing the salary credit or the funds
sale agreement / proof of sale of an asset (property, vehicle, investments)
dividend or investment-redemption statement
inheritance or gift documentation (grant of probate, signed gift letter)
loan or financing agreement
business income (invoices, business bank statements)
Source of wealth checks
employment history and cumulative earnings (employment contract, multi-year tax returns)
business ownership or the sale of a business (company accounts, share-sale agreement)
inheritance (will, grant of probate)
long-term investment or property holdings (portfolio statements, title deeds)
pension or retirement assets
tax returns or annual tax assessments