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What documents can individuals provide for Odin's AML check?
What documents can individuals provide for Odin's AML check?
Sophie Ugur avatar
Written by Sophie Ugur
Updated over a week ago

We need evidence of:

1. Where your funds originate from (Source of Wealth) and,

2. Proof of sufficient funds in the account that will be making the transfer.

1. Examples of suitable proof of Source of Wealth

Any one of the bullet points work as proof of source of wealth

  • Personal income:

    • Copies of 3 most recent payslips from employer and bank statements showing 3 most recent payments into your account.

    • Personal tax return from the previous tax year.

  • Business income/profits:

    • copies of recent financial statements, bank statements or tax returns document not older than 12 months reflecting income and profits.

  • Sale of property:

    • Copy of a contract of sale, a copy of a land registry, a title deed or a letter from a real estate agent, a conveyancer or a lawyer confirming the sale of a property.

    • If the property is in the name of a third party (e.g. a trust or a company), the third party must provide a resolution confirming that the amount in question was paid to the client and why the amount was paid to the client.

  • Passive income (rental, dividends, interest, investment returns):

    • A copy of a recent tax return not more than 12 months old.

    • Detailed documentation signed by all relevant parties outlining the source of funds (eg. share transfer agreement, dividend receipts, rental agreement, export from interest-paying account), plus a bank statement evidencing funds coming into the investor’s account.

      2. Examples of suitable proof of sufficient funds

      In order to prove You will also require:

      • Bank statement:

        • A bank statement with a letterhead evidencing funds coming into the investor’s account.

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