Why do I need to complete the Source of Wealth Declaration (SOW)?
How to complete the Source of Wealth Declaration? A step-by-step guide
What is a Politically Exposed Person (PEP)?
- The name on the supporting documents should match the name on your identity document. If this is not the case, you will need to clarify why third-party documents are linked to your verification.
- The documents must be obtained from the most recent possible period (i.e., from at least the last month).
- Please ensure the issuer’s name, issue date, and all other information are clearly visible on the documents.
SOF Options | Documentary Evidence |
Salary | 1) Payslips showing income from at least the last month; 2) Bank statement showing salary payments from the employer for at least the last month; 3) Tax statement from the previous tax year. |
Self-employment | 1) A tax statement from the previous tax year; 2) The latest invoices/contracts/agreements for self-employed services or profit/loss statements proving your monthly or annual income. |
Savings | Statement from a savings account, issued in the last 3 months. |
Allowance | 1) Bank statement showing allowance transfers from the last 3 months; 2) Government-issued allowance or other social benefits statement. |
Pension | 1) Bank statement showing pension transfers from the last 3 months; 2) Government-issued pension statement; 3) Pension fund statements. |
Dividends Payments/Profit from a Company | 1) Dividend statements; 2) Distribution agreements; 3) Bank statement showing dividend payments; 4) Latest audited company accounts. |
Daytrading | 1) Transactions statements, proving trading activity for the last month; AND Bank statement, showing trading profit withdrawals deposited in the account. *Both documents must show account registration details and the issuer logo. 2) Tax statement for the previous tax year, proving trading profits income. |
Gambling | 1) Transactions statements, proving gambling activity for the last month; AND Bank statement, showing gambling profit withdrawals deposited in the account. *Both documents must show account registration details and the issuer logo. 2) Tax statement for the previous tax year, proving gambling profits income. |
Passive Income | 1) A signed rental/lease agreement AND one of the following: a. Bank statement, showing the latest rental/lease payment; b. Latest rent/lease receipts; 2) Any other documents proving your passive income (e.g., book royalties, affiliate marketing, staking, etc.) for the last month. |
Loans/Mortgages | A loan/mortgage contract showing the loan amount and repayment plan; AND a bank statement showing the loan/mortgage deposit into your account. |
Sale of Financial Assets | 1) Statement from an investment provider; 2) Bank statement displaying settlement from an investment provider; 3) Other statements or documents proving your investment profit (from bonds, stocks, etc.). |
Sale of Real Estate or Other Assets | 1) Contract of sale/settlement statement; 2) Signed letter from a solicitor/lawyer/estate agent confirming the property sale; 3) Land registry/title deed copies. *Bank statement showing the deposit of sale funds into your bank account is also accepted. |
Inheritance | 1) Copy of will/testament; 2) Signed letter from the executor of the will/lawyer/solicitor/grant of probate. |
Donations | 1) Donation agreement for real estate or other assets; 2) Sworn affidavit/signed letter from the donor declaring the nature of the gift; 3) Bank statement showing bank deposit of the donation. |
Crypto Mining | 1) Proof of purchase for the hardware used for mining (showing your details and the seller's); 2) Proof of all mining revenues from the relevant platform(s)/exchange(s). *Please provide screenshots for your transaction history (for at least 3 months), detailing all activities with the mined coins and displaying wallet addresses and transaction IDs. These must be taken from the relevant platform/exchange and include your account details. |