Any money used to make a purchase on Voltcoins may be subject to legal verification. The purpose of this legal requirement is to stop the funding of terrorism and money laundering. A list of potential funding sources and some ideas for potential supporting documentation are provided below. Every situation is different, so it can be challenging to provide your source of funds with the proper supporting documentation. We encourage you to call to discuss your unique circumstances as our agents are ready to help employment earnings or salaries
If you have saved money over the past six months from legally earned income from your employment, you must disclose it as salary or employment income.
You can provide one of the following
• A pay stub
• An employment contract
• A letter from your employer
• A bank statement showing regular/repeated deposits from your employer.
Many customers find the term "savings" to be unclear. In fact, it's likely that all of the money used to buy Voltcoins was somehow "saved."
For the purposes of SOF, only money saved in a bank account or a term deposit that is registered in your name qualifies as "savings."
What does not qualify as savings:
• If you saved a portion of your income for less than six months, your SOF should be "Employment or Salary."
• You should select "Sale of Intangible Assets" as your SOF if you have invested your savings in stocks, bonds, or other intangible assets.
• You must report any cash payments you received for services rendered as either employment income or company profit.
You can provide one of the following,
• A bank statement for the last 6 months
• A letter from your bank confirming the funds have been saved for more than 6 months
• Statements of term deposits
When you own stock in a company, you can make any declaration that contains the following.
1. Company's details (registered name, number, date, and address)
2. Amount or percentage of the dividend/ shares/ profit
3. Name of the beneficiary (You)
4. Date of distribution
5. Amount of profit
If you own your own company the following documents may be provided:
• The most recent year's audited financial statements for the company
• A lawyer or a CPA must approve the company's unaudited financial balance sheet for the most recent fiscal year.
• A formal letter from a CPA or lawyer that includes details about the company's registration and annual revenue.
Provide one of the following:
• A duly executed Inheritance Order (verified by a lawyer or a notary)
• A copy of the will and the death certificate of the deceased.
• A bank statement showing the funds entering the account and the death certificate of the deceased.
• A letter from the executor of the will
You can provide one of the following,
• An official loan contract.
• Bank statement showing the loan entering the account.
• Letter from the bank or company describing the terms of the loan.
• Notification that the loan application was approved.
For the supporting documentation to be approved, it must clearly display all the following information.
1. The date of the loan
2. The name of the company providing the loan
3. The name of the person receiving the loan
4. The amount of the loan.
You can provide one of the following,
• A letter from the person providing the loan & a copy of their ID.
• A formal loan contract
For the supporting documentation to be approved, it must clearly display all of the following information.
1. The date
2. The lender's full name, address, and ID number
3. The borrower's full name address, and ID number,
4. The amount of the loan
5. The repayment terms.
(In some cases the lender may also need to provide a source of funds evidence)
You can provide one of the following,
• A letter from the person giving the gift & a copy of their ID.
For the supporting documentation to be approved, it must clearly display all of the following information.
1. The date
2. The full name, address, and ID number of the person giving the gift
3. The recipient's full name, address, and ID number.
4. The amount of the gift
5. The relationship between the 2 parties
(In some cases the person providing the gift may also need to provide a source of funds)
You should provide a rental agreement that contains the following information.
1. Your name (property owner)
2. date
3. rental price
4. Name of the tenant
You can provide one of the following,
• Official contract of sale
• Unofficial contract of sale
• Bank statement showing the funds entering your account.
The contract should include:
• Personal details of the seller (name, address, ID number)
• Personal details of the buyer (name, address, ID number)
• Full address of the property
• Date of sale
• Amount of sale
You can provide a statement, agreement, or contract that reflects the sale of the asset and includes the following information.
• Personal details of the seller (name, address, ID number)
• Reference number or description of the asset.
• Date of sale
• Amount of sale
Deposits (pension or education funds)
You can provide a formal document from the company that managed deposits/ pension, education funds which include the following information,
• Recipients name, address, and/or ID number
• The number of the policy that was extracted
• The amount of the policy
• The date the policy was extracted
