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Open a Sokin Account

Last Update 17 days ago

Create Your Sokin Account Countries Eligible for a Sokin Account Sokin Fees List of Role Types Company Documents

Source of Funds & Source of Wealth

We may request information on your Source of Funds (SoF) and/or Source of Wealth (SoW) to better understand the origin of funds for both your company and personal finances.

Source of Funds 

Providing your SoF helps us understand the origins of the money your company uses to finance its operations. 


Please provide the following:


  • Last 3 Month's of Company’s Bank Statements - These should clearly show business activity, including incoming and outgoing transactions related to your operations.


  • A Minimum of 2 Invoices - These should match the transactions recorded in the provided bank statements.


    If you don’t have a company bank account, please provide personal bank statements with business-related transactions. If none appear in the last 3 months, submit the last 6 months instead. 


    Business-related transactions include any setup costs, such as company registration fees.

Source of Wealth

Providing your SoW helps us understand how you accumulated your entire wealth. This includes the origin of the assets and financial contributions used to fund your business activities.


If your company has been incorporated for more than one year please provide your Corporate Tax Statement from the previous year (If available). If you don’t have a Corporate Tax Statement yet, you can submit any document that provides proof of your financial contributions to the business.


Here are a few examples of acceptable SoW documents:


  • Business Ownership Interests - Share register, or other evidence of ownership.


  • Employment Income - Pay slips and/or bank statements showing employment income, employment contracts, or proof of bonuses.


  • Personal Investments - Documentation of dividend payments or liquidation of investments.


  • Pension Payments - Evidence of pension payments into your bank account or a pension statement.


  • Sale of Property - Certified copy of the sale contract and evidence of funds being deposited into your bank account. 


  • Inheritance - Grant of probate, copy of the will, and bank statement showing funds.


  • Gifts - Letter from donor with details, proof of transfer, donor’s source of funds, and any tax filing related to the gift.

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