Individual Сlient. Supporting documents to establish the Source of Funds and Source of Wealth

What is the difference between Source of Funds and Source of Wealth documents?

Source of Funds focuses on understanding how and where the client obtained the money for a particular transaction, while Source of Wealth examines the client's overall financial position and the accumulation of their total wealth.

Why do I need to provide documents on Source of Funds?

EXANTE takes its commitment to compliance with financial crime seriously. Our policies and practices aim to protect the interests of our clients, our business, and the global financial system. EXANTE enforces strict policies, including KYC (Know Your Customer), CDD (Customer Due Diligence), and sanctions monitoring, to ensure ethical trading and prevent financial misconduct.

At EXANTE, we maintain high standards in financial crime compliance. We prevent regulatory breaches and avoid inadvertently supporting any relationships or transactions involved in financial crime. Transparency is essential to our operations, and we work closely with regulatory authorities to comply with all local guidelines and requirements. We recognize our duty to prevent the misuse of our trading platform to launder illegal funds, finance terrorism, or violate international sanctions.

EXANTE implements strict measures to mitigate exposure to these activities, applying AML/CTF and Sanctions compliance standards and procedures to prevent misuse of our services.

Which documents serve as a Source of Funds?

Below, you can find the table with the documents that can be accepted as Source of Funds documents:

Description of the source of funds	Documentary evidence required
1. Employment Income	Income Tax Return Form (with a mark of the tax authority indicating receipt or confirmation of electronic document issuance). Or two of the following: Payslips from the Employer, including bonus payments, clearly showing the Employee’s name, date, and amount received (not older than 12 months). Letter from employer confirming salary (should be issued on letterheaded paper and clearly show the appointment held, period of employment, income amount, registered address, and company registration number). This evidence can only be provided if you are not a shareholder. An account statement from the financial institution clearly shows the proceeds from employment income.
2. Investment / Trading	Account statement from a regulated Financial Institution indicating the realised profit from the investment/trading activities.
3. Sale of Real Estate	Sale contract. Extract from the official Property/Land register confirming ownership and transfer of real estate (if the sale contract is not notarized). Account statement from the Financial Institution confirming the transfer of funds.
4. Sale of Company	Complete set of documents confirming ownership and transfer of the Company Sale contract Account statement from the Financial Institution confirming the transfer of funds Documents verifying the company's value if it cannot be confirmed through public sources (e.g., financial statements).
5. Inheritance	Certificate of inheritance rights certified by a public notary. Account statement from the Financial Institution confirming the transfer of funds.
6. Gift or Donation (Only applicable if the parties are related, i.e. are family members and/or close associates).	Documentary evidence of the donor’s Source of Funds (as outlined in this table). Account statement from Financial Institution confirming the transfer of funds. Gift/donation agreement. Supporting evidence establishing the relationship between the parties.
7. Retirement Income	One of the following: Account statement from the Financial Institution clearly indicating retirement income. Documentary evidence confirming receipt of total contributions from the pension scheme/pension pillars.
8. Dividend Payment	Audited financial statements or board resolution confirming details of dividend payment. Account statement from the Financial Institution confirming the transfer of funds. Complete set of documents or public information confirming Company ownership.
9. Pension Funds Contribution	Statement from a pension fund confirming mandatory payments to the pension fund from gross salary (applicable only when the law specifies the proportion or percentage of these contributions).
10. Maturity of Life Insurance Policy	Life Insurance policy/agreement. The closing statement clearly indicating the closing amount, total premium/income and name of the insured person. Account Statement from the Financial Institution confirming the transfer of funds.
11. Divorce Settlement	Documentary evidence confirming settlement proceeds (issued by competent authorities, e.g., court, notary) Account Statement from the Financial Institution confirming the transfer of funds.
12. Lottery or Gambling Win	Documentary evidence from the Lottery/Gambling company confirming the win. Account statement from Financial Institution confirming the transfer of funds.

Note! The compliance team reserves the right to request additional details and documentary evidence not listed in the table above to ensure accurate information on Source of Funds.

Where can I upload the Source of Funds and Source of Wealth documents?

You can upload the Source of Funds and Source of Wealth documents in your Client’s area. Select 'Settings' → 'Profile' → Documents, in 'Other' section.

Individual Client: Required Documents

Corporate client: required documents

Corporate Client. Supporting documents to establish the Source of Funds and Source of Wealth

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