To ensure compliance with customer due diligence and anti-money laundering laws and regulations, we may require additional information and documents from our customers. This can be a request of proving the "Source of Funds."
Proof of Source of Funds should be a document that clearly shows the origin of the funds used to fund your Vaultoro.com account. In cases of significant cryptocurrency deposits, we require proof and explanations of how and when the crypto assets were obtained.
Here are some examples of possible sources of funds and the acceptable proof for each:
1. Salary: Provide a recent payslip from your employer (and/or a tax statement) AND a bank statement showing your recent account balances. Your name, date, and amounts should be clearly visible.
2. Sale of Property: Provide a copy of the contract of sale (or a copy of a land registry, title deed, or a letter from a real estate agent or lawyer confirming the sale of a property) AND a bank statement displaying the proceeds of the sale being deposited. Your name should be clearly visible on both documents, along with amounts and dates.
3. Savings: Provide a bank statement reflecting savings equal to or exceeding the amount being invested. The statement period should cover at least three months. Your name, dates, and amounts should be clearly visible.
4. Loan: Provide the loan agreement AND a bank statement displaying the loan being deposited. Your name should be clearly visible on the documents, along with amounts and dates.
5. Inheritance: Provide a copy of the testament (or a letter from the executor of the will or lawyer) AND a bank statement displaying the proceeds of the inheritance being deposited. Your name should be clearly visible on all documents, along with amounts and dates.
6. Gift or Donation: Provide an affidavit/letter from the donor explaining the nature of the gift AND a bank statement reflecting the deposit. Your name should be clearly visible on all documents, along with amounts and dates.
7. Pension Fund: Provide details on the pension fund (along with a fund statement, if available) AND a bank statement displaying the pension being deposited. Your name should be clearly visible on the documents, along with amounts and dates.
8. Tax Refund: Provide a copy of the tax return reflecting the tax refund (no older than 12 months) AND a bank statement showing the funds being deposited into your account. Your name should be clearly visible on the documents, along with amounts and dates.
9. Crypto funds: proof of balance at crypto exchange(s): an account statement or proof of balances letter, or screenshots of the transaction history displaying profits made on other brokers or exchanges and displaying withdrawals to Vaultoro AND screenshots of the exchange account displaying the account details, unique identifier like name or ID.
10. Other: If the source of wealth and funds falls under a different category, provide other official documentation that evidences the source. Your name should be clearly visible on the documents, along with amounts and dates. The amounts in question should support your financial activity with Vaultoro.com.
Here are the requirements for the provided documentation:
- Format: The document should be in one of the following formats: .pdf, .png, .jpg, .jpeg.
- Visibility: The document should be visible in full, capturing all four corners if it's a photo/scan.
- Key Information: Your name, date of the statement, and transaction dates should be clearly visible.
- Transaction Details: All transaction details should be clear and legible.
- Inbound and Outbound Transactions: While you can cover sensitive information, we need to clearly see the inbound transactions (your income) as well as the outbound transactions (your deposits to Vaultoro.com).
- Relevance: Bank statements, payslips, or other documents should be relevant to the time period in question and reflect your most recent balances.
Please note that while it is acceptable to cover some sensitive information, such as social security number or credit card number but not obstruct the purpose. For example, in the case of bank statements, we need to clearly see all inbound and outbound transactions to verify their legitimacy.