What is source of wealth/funds and why have I been asked to provide it?

For customers from some countries, we are required to collect the source of your wealth/funds that you will be using to purchase Gems. We need to establish this to ensure the legitimacy of the wealth held/income received by these customers i.e. that is not the product of criminal activity. 

Please note the following:

• When requested to provide a description of the documents, provide as much information as possible in English about the documents and why it is your source of funds/income. If your source of wealth/income is income from a job/company, please ensure you describe the job and the company you work for. 

• If your source of wealth/income is income from a job /company, you need to provide a document which evidences the income from the job e.g. pay slip, bank statement showing your pay, employment contract.

•  If your document is a bank statement please ensure the deposits showing your income are highlighted (the deposits must be referenced as 'wages' or 'salary'). 

• If you are a student you still need to show where your income/financial support comes from. For example, if your income/support is provided by your family you will need to provide a document showing your parents' source of wealth/funds and a document that show your parent's providing you with the financial support.

• If you do not currently have a job, you still need to provide a document showing where your funds come from (e.g. a document showing income from a previous job).

• If you trade crypto to generate your income, then you need to provide evidence of sufficient transactions/trades to show that this could be your source of income. One transaction is not sufficient.

Examples of sources of wealth/funds that you can provide

• Employment:

  • Wages/salary

  • Employment contract

  • Copy of pay slips from the last three months;

  • Bank statements showing the last three incoming payments which must be referenced as 'wages' or 'salary'

  1. Investments income:

     • Investment / savings certificates, contract notes, surrender statements

     • Bank statement clearly showing receipt of funds and investment company name

     • Letter detailing funds from an accountant/solicitor

  2. Business proceeds:

     • Revenue from the operation of a business

     • Latest audited company accounts

     • Letter from solicitor/accountant confirming revenue/income

  3. Disposal of business or assets

     • Contract of sale for the business/assets

     • Written confirmation of sale by solicitor/accountant

  4. Inheritance:

     • Grant of probate which must show the value of the estate

     • Letter from solicitor/accountant

  5. Gift:

     • Donor's source of wealth (evidenced as per the evidence requirements in this list) along with a letter from the donor confirming details of the gift

     • Letter from a solicitor confirming the origin of the gift and donor's source of wealth.

  6. Property sale:

     • Revenue from a property sale

     • Sale contract

     • Letter from solicitor/accountant

  7. Superannuation lump sum / annuity or retirement plan payments:

     • Copy of closing statement

     • Letter confirming collection