What types of documents are acceptable for Verification Plus?

684 July 16, 2024

Review the following list to determine the required documents for your chosen Source of Funds (SOF) and Source of Wealth (SOW).

Source of Funds:

Employment Income
  • Recent 3 month’s payslips
  • Employment contract
  • Tax returns

Savings
  • Bank statements of the past 3 months.

Business Income
  • Business financial statements (income statements, balance sheets)
  • Corporate tax returns
  • Ownership documentation (articles of incorporation, partnership agreements)

Government Income
  • Documentation related to government benefits or allowances
  • Letters or statements confirming government income

Rental Income
  • Property deeds
  • Rental agreements or leases
  • Property tax statements
  • Appraisals or valuations

Insurance
  • Insurance payout documents 
  • Policies and coverage details

Sale of Property / Investments
  • Property sale agreements
  • Investment portfolio statements

Inheritance
  • Inheritance documents (wills, trusts)
  • Estate tax filings
  • Documentation from probate court

Investments
  • Brokerage statements
  • Investment account statements
  • Annual investment summaries

Government Pension
  • Pension statements

Retirement Benefit Scheme Payout
  • Retirement account statements

Source of Wealth:

Employment Income
  • Recent 3 month’s Payslips
  • Employment contracts
  • Tax returns (Income tax)

Business Ownerships
  • Business financial statements (income statements, balance sheets)
  • Corporate tax returns
  • Ownership documentation (articles of incorporation, partnership agreements)

Investments
  • Brokerage statements
  • Investment account statements
  • Annual investment summaries

Inheritance
  • Inheritance documents (wills, trusts)
  • Estate tax filings
  • Documentation from probate court

Real Estate
  • Property deeds
  • Rental agreements or leases
  • Property tax statements
  • Appraisals or valuations

Consulting or professional services
  • Service contracts or agreements
  • Invoices and billing statements
  • Client testimonials or references

Intellectual Property
  • Licensing agreements
  • Royalty statements
  • Patent, trademark, or copyright certificates

Government Contracts
  • Contract agreements
  • Invoices and payment records
  • Government procurement documents

Royalties:
  • Royalty agreements
  • Royalty statements from publishers, record labels, or other distributors