What documents are accepted as proof of source of funds and wealth in the United Arab Emirates (UAE)?
Navigating regulatory requirements around the legitimacy of funds is essential to ensure financial transparency, uphold anti-money laundering (AML) standards, and maintain compliance with local and international regulations. As part of our enhanced due diligence (EDD) measures, financial institutions and service providers in the UAE are obligated to verify the origin of funds involved in transactions—especially those of significant value or perceived risk.
This guide outlines the key concepts and the types of documentation typically accepted as evidence when proving the source of funds and source of wealth in the UAE.
What is Source of Funds?
Source of funds refers to the specific origin of the money or assets used in a particular transaction. It explains how and where the funds were generated before being used for a financial activity (for example, investment, deposit, or purchase).
What is Source of Wealth?
Source of wealth refers to the overall origin of an individual’s or entity’s accumulated financial resources. It reflects the broader economic, professional, or business background that led to their current net worth.
Acceptable documents you can submit as proof of Source of Funds and Source of Wealth:
Source of funds/wealth | Source of funds proof type |
Salary | Payslips (past 3 months) Bank statement (past 3 months) or bank letter showing salary earnings and displaying the employer's name Employment verification letter or salary certificate that states name and salary details (most recent) |
Sale of assets (real estate, business, shareholding, etc.) | Brokerage account statement displaying the sale of securities Sales contract stating amount and receipt of money/proceeds Legal professional letter showing the details of the asset sale Bank statement showing the transaction history of received funds from sale proceeds |
Business profits | Proof of business ownership, share registry, and/or equity statement AND Bank statements (past 6 months) from the business account Company tax returns (most recent) Audited financials (most recent) showing company profits, dividends, and/or bonuses Compliance report issued by an independent third party |
Inheritance or gift | Official and certified will or grant of probate Distribution statement showing the inheritance amount Notarized letter from the donor explaining the reason for the gift, amount, and the source of the donor's wealth Bank statement showing receipt of funds/deposits from donor Court order for divorce and alimony/awards (monetary, property and more) |
Funding from a financial institution | Bank statement showing money received from a financial institution Proof of a financial agreement with a financial institution (example, copy of loan agreement) |
Exchange wallet | Statements from an exchange (past 3 months) Bank statement showing receipt of funds from exchange Transaction receipts from decentralized exchanges showing funds swapped/obtained |
External/Unhosted wallet | Screenshots or exported files from an unhosted wallet's transaction history Tax statement showing declared crypto holdings or capital gains from cryptoassets |
Investments | Bank statement showing investment returns (past 6 months) Brokerage or investment account statement (past 6 months) Letter from bank/brokerage/crypto exchange confirming assets under management |
Legal settlements | Settlement document showing settlement amount Settlement document showing insurance payout |
Crypto mining | Mining payout statement showing mining rewards Mining monitor screenshots from a recognized platform Equipment purchases receipts and electricity bills tied to mining activities |