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Provide source of funds and source of wealth
Provide source of funds and source of wealth

Sometimes we may require source of funds and source of wealth to meet anti-money laundering (AML) requirements.

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Written by Sharesies Help
Updated over a week ago

If this is your first time, we want you to know that a request for documentation about your source of funds and wealth isn't unusual and isn’t anything for you to worry about. This is in line with our obligations to meet our New Zealand anti-money laundering (AML) requirements.

You may be asked to provide a combination of the documents below.

Employment:

  • copy of recent payslips for the last 3 months

  • if self-employed, copy of recent accounts

  • bank statements (within three months) that include salary payment deposits from your named employer.

Business ownership:

  • audited financial statements (including tax statements from Inland Revenue (IRD))

  • for existing businesses, the last three months of bank statements for the business account

  • recent dividend statements.

Rental income and/or sale of property:

  • copy of the mortgage statement

  • copy of the valuation of the property (only when combined with proof of the sale of the property)

  • signed letter from lawyer/attorney

  • signed letter from real estate agent (if applicable)

  • copy of confirmation of sale (e.g. from a lawyer or solicitor)

  • copy of the solicitor’s statement of completion

  • rates bill that displays the name you signed up to Sharesies with.

Inheritance:

  • grant of probate (with a copy of the will)

  • copy of will

  • lawyer/attorney’s letter

  • account statements and other documentation identifying the assets inherited.

NZ superannuation or retirement income:

  • bank statements (most recent three months) showing deposits from NZ Super/named superannuation scheme (including KiwiSaver), pension fund (including overseas)

  • KiwiSaver statements showing payments, or official statements from other retirement schemes.

Gifts:

  • account statements and the documentation identifying the gift and the identity of the donor

  • letter from an accountant/lawyer confirming the details of the gift.

Any questions, get in touch at help@sharesies.co.nz.

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