Source of Wealth Online Declaration and Verification Form

SOW Delcaration

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Company or Individual Name

or COMPENSATION PROFITS

SOURCE OF WEALTH DETAILS:

Please check the appropriate source(s) and provide one (or more if necessary) of the stated supporting documents

COMPANY OWNERSHIP AND PROFITS:

Certified copy of latest audited company accounts; or
Signed letter from certified accountant detailing profits;
AND - Corporate documents detailing ownership (required)

SALE OF COMPANY AND OR COMPANY ASSETS:

Signed letter from solicitor or certified accountant; or
Copy of contract of sale, plus bank statement showing proceeds; or
Copies of media coverage (if applicable) as supporting evidence.

SALES OF SHARES OR OTHER INVESTMENTS/LIQUIDATION OF INVESTMENT PORTFOLIO:

Certified copies of current investment/savings certificates, contract notes or cash-in statements in your name; or
Confirmation from the relevant investment company; or
Bank statement no older than six (6) months clearly showing receipt of funds and investment company name; or
Signed letter detailing funds from a certified accountant.

SAVINGS/INCOME THROUGH PROFESSION/EMPLOYMENT:

Original or certified copy of a pay slip from within last three (3) months; or
Letter from employer confirming salary (& or bonus payments for the last two (2) years); or
Bank statements clearly showing receipt of regular salary payments for the last three (3) months from employer; or
If self-employed - Latest audited accounts & or company bank statement(s) for the last twelve (12) months.

INHERITANCE OR DIVORCE SETTLEMENT:

Grant of probate (with a copy of the will), which must include the value of the estate; or
Signed letter from solicitor stating details of settlement; or
Bank statements: only if they clearly state client’s full name, address and shows the origin of the funds.

GIFTS:

Evidence of Donor’s wealth in-keeping with this form and a letter from the donor confirming details of the gift; or
Legal documentation evidencing gift where possible; or
Written consent from you to confirm details of the gift with the benefactor.

TRUST DISTRIBUTIONS:

On official letterhead of the trustee a Declaration of Primary Contributor (of assets), Principalship &/or Beneficiary status detailing the size of the trust’s assets &/or frequency and volume of distributions; or
Beneficiary status detailing the size of the trust’s assets &/or frequency and volume of distributions;

RELEASE OF PENSION (VIA OCCUPATIONAL OR SOCIAL SECURITY PENSION SCHEMES)

Statements from source for the last six (6) months; or
Bank statements clearly showing receipt of regular pension payments for the last six (6) months.

COMPENSATION PAYMENTS

Letter/Court order from compensation body; or
Signed letter on official letterhead from solicitor.

LOAN

Loan agreement; or
Recent loan statements; or
Promissory Notes.

GAMBLING PROCEEDS

Copy of receipt proving your winnings from gambling house; or
Official letter from relevant organization (Lottery Headquarters/Betting Shop/Casino/Charity); or
Bank statement showing funds deposited by awarding company.

MULTIPLE SOURCES

Where investment funds is made up of multiple sources, a regulated accountant or lawyer who has maintained a relationship of no less than five (5) years with the client may certify the source of funds via an official letter detailing all of the particulars of the various sources.

Declaration

I agree
I do not agree

I declare that the information provided above and attached hereto is, to the best of my knowledge and belief, true and accurate. I further confirm, where legally obligated to do so, consent is granted to Concorde Bank Limited to disclose this information to the relevant authorities.

Name

First

Last

Address

Capacity in which acting:

Signature

Clear Signature

Date

Concorde Bank is an independent private bank founded in Barbados in 1987. We are regulated by the Central Bank of Barbados and the Barbados Financial Services Commission. We offer a unique and tailored service covering a broad range of financial solutions.

Company

Private Banking

Location

The Corporate Centre, Bush Hill & Bay Street, St. Michael BB14038 – Barbados