Proof of Funds

When Proof of Funds Is Required

Proof of funds may be required as part of onboarding or ongoing review in the following circumstances:

Where a customer is subject to enhanced due diligence based on risk assessment
Where the source of funds requires further validation, including high transaction volumes or complex funding structures
Where there are material changes in expected activity, ownership, or business model
Where additional verification is required to satisfy regulatory or compliance obligations

If proof of funds is required, this will be communicated clearly during onboarding or through a follow-up request.

Acceptable Proof of Funds Documentation

Acceptable documents must clearly demonstrate where the funds originate, how they were generated, and how they will be transferred to 1Money. Documentation should align with the customer’s declared business activities.

Fiat-Based Funding Sources

Commonly accepted fiat proof of funds documents include:

Bank statements or account summaries - Showing the account from which funds will be transferred, issued by a regulated financial institution.
Investment or capital contribution records - Evidence of shareholder funding, capital injections, or founder contributions, such as subscription agreements or capital contribution confirmations.
Revenue-generating documentation - Invoices, customer contracts, settlement statements, or receipts demonstrating operating income.
Loan or financing agreements - Executed loan agreements or credit facilities showing lawful borrowing. Asset sale or liquidation records - Documentation evidencing proceeds from the sale of assets (e.g. business assets, securities, or property).

Digital Asset & Crypto-Based Funding Sources

For businesses operating in the crypto and digital asset ecosystem, acceptable proof of funds may include:

Wallet ownership evidence - Proof that the business or its principals control the wallet(s) from which digital assets will be transferred.
On-chain transaction history- Blockchain transaction records showing the origin and movement of funds, including transaction hashes and wallet addresses.
Exchange account statements - Statements or screenshots from regulated exchanges showing balances, deposits, withdrawals, or trading activity.
Stablecoin issuance or redemption records- Evidence showing how stablecoins were acquired, redeemed, or minted, where applicable.
Market-making or trading records - Trade history, P&L summaries, or liquidity provision records supporting trading-related fund generation.
Token sale or fundraising documentation - Records relating to token sales, private placements, or fundraising events, including allocation summaries and use-of-funds explanations.

Document Standards

Proof of funds documents must:

Be issued in the name of the business or relevant funding entity
Clearly show the source and flow of funds
Be legible and complete, with no material redactions
Be provided in an accepted digital format (PDF, JPG, or PNG)

Additional supporting documentation may be requested where clarification or further validation is required.