Source of wealth/source of funds

There may be times when we will ask you for source of wealth or source of funds.

Source of wealth refers to the origin of your entire body of assets.

Source of funds refers to the origin of the funds used for the transaction you have engaged our services for.

We may ask you this to meet our obligations under the Act when undertaking certain types of work.

The table below identifies the documents accepted by Lane Neave to evidence your source of wealth or source of funds. Please note that if asked you will need to provide originals for verification by your lawyer or certified copies.

Category	Example source	Accepted documents
Business proceeds	Revenue from the operation of the business	Audited business accounts for the last financial year and prepared by an independent accountant; or Letter from solicitor/accountant confirming income and amount
Business sale	Revenue from the sale of the business	Contract of sale of business Written confirmation of sale by solicitor/accountant Search of official company register
Divorce settlement	Joint funds/assets	Court order Written confirmation of settlement by solicitor
Employment	Wages/salary	Employment contract; or Pay slips confirming last three payments; or Bank statements showing the last three incoming payments which must be referenced as ‘wages’ or ‘salary’
Inheritance	Gifts, bequests	Will or grant of Probate Written confirmation of inheritance signed by solicitor/trustee/executor
Investments	Shares	Contract note(s) Written confirmation of sale/holding signed by accountant/broker
Lottery/Gambling win	Casino; online gambling	Evidence from the lottery provider Winnings’ receipt Cheque
Property sale	Revenue from a property sale	Signed sale and purchase agreement showing the Trust/individual as vendor; or Legal documents confirming that the Trust/individual has sold a property
Savings		Statements from the financial institution

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