Why do we request additional information?
At Independent Reserve, we are committed to maintaining a secure crypto trading platform that complies with regulations in the regions where we operate. This means that at certain times, we may request information to check your Source of Wealth.
The following is a list of documents that may be needed to verify your source of wealth. We will request the specific documents needed from the list below.
For Employment Income
- Payslips: Two recent payslips issued within the last 3 months
- Salary: Bank statements showing salary deposits from the past 3 months
- Tax assessment /Notice of assessment: or ATO or IRAS Notice of Assessment issued within the past year
- HR Letter: A company-issued letter on official letterhead, dated within the last three months, confirming your employment and salary.
For Business Income
- Bank Statements: Providing proof of payments, transaction amounts and business-related transfers
- Invoices: Business contracts or sales documents
- Distributions: Documentation of business distributions and withdrawals beyond salary
- Financial statements: Documentation reflecting the revenue generated by the business
For Savings or Investments
- Bank account statement: Detailing the transaction activities of the account in the last 3 months showing your savings on the account
- Investment account / Portfolio statement: Detailing holdings issued within the last 3 months
For Sale of Assets
- Property sale: Sales contract and bank statement showing funds received to bank account OR property sales tax statement with latest valuation documents.
- Share sale: Evidence of share sales and bank statement showing funds received to bank account OR statements from investment platforms/brokerage showing the sale of assets and the crediting of the asset value as fiat
- Portfolio statements: Detailing sale and purchase of portfolio
Cryptoassets
- Transaction history from exchanges or external wallets, including your name.
Pension
- Documentation related to pension savings (refer to the Savings section).
Inheritance or Large Gifts
- A will or grant of probate indicating the amount you received.
- Trust agreements listing the trust name, beneficiary, and amount.
- Bank statements showing deposits from gifts or recurring transfers.
Document Criteria
To ensure a smooth review process, submitted documents should adhere to these guidelines:
- The user’s name must be clearly visible.
- For bank statements please include the PDF file if it is available. Screenshots are not accepted.
- Only include documents of accounts that are relevant to your deposits. A bank statement showing funds going in and out of accounts to anonymous destinations is not helpful.
Our compliance team will promptly review your submission and inform you of any updates or additional requirements.
