What are some examples of acceptable sources of wealth for a corporate entity?

When assessing the financial standing of a corporate entity, TrueLayer may request documentation to verify the source of its wealth. This is a vital part of our due diligence process to ensure transparency and compliance.

Examples of acceptable documentation for a corporate entity's source of wealth include:

• Business bank statements: Dated within the last 3 months, these provide insight into the company's operational cash flow.
• Audited accounts: From the latest financial year, these offer a comprehensive overview of the company's financial performance and position.
• Evidence of company investment: Documentation showing significant investments made by the company.
• Capital raises by equity: Records of funds raised through the issuance of shares.
• Revenue: Documentation supporting the company's income generation.

Providing clear and verifiable evidence of your corporate entity's source of wealth helps us to efficiently complete our assessment and establish a robust business relationship.