The contact details page for individual contacts contains a Source of wealth section where you can enter the source of the contact’s assets and wealth.
You can upload a document supporting Source of wealth declarations in the contact details page Identity and other documents section.
Once you have identified the individual’s source of wealth, you can set a source of status on their contact detail page Verification section.
To set a Source of wealth status for an individual contact:
- Go to the contact’s contact detail page.
- In the Verification section Source of wealth status module, select a status from the radio options:
- Not determined
- Needs to be determined
- Compliance determined
- Not required
- You can add supporting information to the status by clicking Add note:
- Add a note to the text box.
- You may upload a file.
- Click Save.
The Source of wealth status for a contact helps determine the Source of wealth status of any holder with which the contact is associated.
You can see an overview of the Source of wealth statuses for all individual contacts in your client database in the client centre AML/CTF verification centre.