En
UkrainianPolishRuPortuguese
  1. Home
  2. Q&A
  3. Account security
  4. Source of funds

Source of funds

Why do I need to provide the source of funds?

EXMO.com has to fully comply with EU regulations such as the 5th AML Directive and the Financial Action Task Force (FATF) recommendations.

Due diligence measures must be applied on a risk-based approach, and require enhanced due diligence in certain circumstances.

Due to KYC/AML standards and the requirements of financial regulators, as well as payment providers (for compliance with the same standards), in some cases, users may be required to confirm the source of funds for transactions. This is an additional measure to control the circulation of funds and guarantee financial security for all participants.

What documents are accepted as confirmation of the source of funds?

Source of funds request implies how you obtained these funds for completing a transaction/operation.

Documents confirming the source of funds are those illustrating the movement of these funds. In particular, how you received the funds by which a specific operation on EXMO.com was carried out.

Requires confirmation

Considered proof

1. Income

  • Position held

  • The employer’s nature of work

  • Employer’s Name / Website

  • Payroll dated in the past 3 months, or

  • Confirmation of income and bonuses by the employer, or

  • Bank statements clearly showing receipt of regular salary payments, or

  • The latest income statement in case of self-employment (PIF, PE, etc.)

2. Savings

  • Total amount received

  • Date of generation of the statement

  • Account holder name

  • Bank details

  • Detailed bank statements showing deposit / gifted monies, dated within the last 3 months.

3. Investments

  • Amount received

  • Name and type of investment

  • A company attracting the investment

  • Date of receipt

  • Letter / Contract note of the attracting investment company that notifies of income

  • A bank statement that confirms crediting to its bank account

  • Investment statement reflecting the transaction

4. Loan

  • Loan amount

  • Date of signing of the agreement / statement

  • Borrower’s data

  • Lender data

  • Loan agreement, or

  • Loan statement

5. Asset Sales

  • Type of asset

  • Sale price

  • How the sale was conducted (i.e., through an agent, through an auction, private sale, including name/address)

  • Date of sale

  • A signed letter from a solicitor, or

  • Completed sales contract

  • Credit (funds, transfer) in a bank statement

6. Inheritance

  • Total amount received

  • Name of the testator

  • Communication with the testator

  • Date of receipt

  • A copy of the will indicating the value of the property, or

  • Bank statement

  • Solicitor’s letter

7. Gift, Lottery, Gambling win

  • Total amount

  • Details on the benefactor

  • Name of the receiver

  • Evidence from the lottery company / cheque / winnings receipt

8. Company’s Profits

  • How the company generates income

  • Company directors

  • Company owner

  • Obtaining a bank statement

  • Copy of the latest full reports/p>

9. Digital Assets (Crypto)

  • Source of crypto

  • Date of receipt

  • Reason for cryptocurrency storage

  • Statement from the purchase transaction record

  • Bank statement reflecting the purchase

  • The contract if received as a payment

  • Trading Statements

  • Video of wallet transactions

  • Evidence of mining