Source of the Funds
You will need to provide evidence that explains the origin of the funds. Acceptable documents include:
Bank Statements: Showing regular income deposits, savings, or investments.
Pay Slips or Salary Statements: Demonstrating regular employment income.
Investment Statements: Showing proceeds from the sale of stocks, bonds, or other investments.
Inheritance or Gift Documentation: Such as inheritance certificates, gift letters, or proof of transfer.
Sale Agreements: For property or other valuable assets.
Business Income: Profit and loss statements or tax returns for self-employed individuals.
Loan Agreements: If the funds are from a loan, documentation showing the terms and conditions.
Savings or Investment History: Showing accumulation of funds over time.
Receipts of Sale: For items sold that resulted in the funds.
Legal Settlement Documentation: If the funds are from a legal settlement.
Pension Statements: Demonstrating regular pension income.
Dividend Statements: Showing income from dividends.
Other Income Sources: Any other legitimate source of income that can be documented.
Purpose of Funds
Evidence must be provided to demonstrate the intended use of the funds. Acceptable documents include:
Purchase Agreements: Such as contracts or agreements for real estate, vehicles, or other high-value items.
Receipts or Invoices: Showing payments made for goods or services.
Travel Itineraries: Demonstrating bookings and expenses related to travel.
Education Fees: Receipts or invoices from educational institutions.
Medical Bills: Invoices or receipts for medical treatment or procedures.
Charitable Donations: Receipts or acknowledgments for charitable contributions.
Legal Fees: Invoices from legal professionals for services rendered.
Investment Agreements: Contracts or agreements related to investments.
Construction or Renovation Contracts: If funds are used for building or renovating property.
Bank Statements: Showing withdrawals or transfers corresponding to the intended purpose.
Expense Reports: For business-related expenditures.
Affidavits or Declarations: Sworn statements attesting to the purpose of the funds.
Business Plans: Demonstrating use of funds for business development or expansion.
Travel Visa Applications: Supporting documentation required for visa purposes.
Government Approval Documents: If funds are subject to regulatory approval for specific purposes.
Relationship with the Sender
If applicable, evidence of the relationship with the sender must be provided. Acceptable forms of evidence include:
Contractual Agreements
Correspondence or communication evidencing the relationship
Identity of the Sender
Documentation to verify the identity of the sender is required. Acceptable forms include:
Government-issued ID
International Passport
Other official identification documents
Transaction Frequency
A confirmation of whether the transaction is a one-off or recurring payment might be required. If the transaction is noted/approved as a recurring payment, you would not need to go through this process again barring any flags.
❗️Failure to provide the required information to validate payments received from third parties(only first time payments from the sender) may result in the transaction being returned to the sender. A return fee of €5 for EUR transaction will be charged