What is Source Of Funds Review ?
A source of funds review is a process we use to verify that the money used to buy Gold Coins on our platform is lawful and meets our compliance standards. It involves asking you to show evidence that your funds come from legitimate sources like your salary, business earnings, or loans.
The goal is to confirm that the funds were obtained legally, so the specific source isn't as important to us.
What's the purpose behind the requirement for a source of funds review?
Our utmost commitment lies in upholding platform integrity and ensuring compliance with legal standards. Preventing financial crimes like fraud, money laundering, and terrorism financing is imperative to us. To fulfill this obligation, we employ a range of systems and processes, including automated mechanisms, overseen by our vigilant compliance team.
Periodically, our compliance team may need to.
Which types of documentation are acceptable for the source of funds review process?
You will find a list of acceptable documents within each section of the form.
Please ensure that your name and the document's date are clearly visible on the provided documents.
Here are several common types:
Savings and Personal Assets: Money accumulated over time through personal savings, sales of assets, or liquidation of investments.(Bank Statement)
Employment Income: Money earned through a salary or wages from a job.
Savings and Personal Assets: Money accumulated over time through personal savings, sales of assets, or liquidation of investments.
Pension or Retirement Benefits: Income obtained from pensions, retirement plans, or annuities.
Government Assistance: Money received from government programs or assistance, such as unemployment benefits or social security.
Sale of Property or Assets: Money obtained from selling property, vehicles, or valuable possessions.
(We do not accept tax self-assessments or self-prepared documents like the 1040 form. Instead, we require official proof of submission, such as an IRS acknowledgement record or a dated tax return transcript. Your most recent W-2 Wage and Tax Statement is also acceptable.)
What happens if I don’t complete a source of funds review?
While you have the option to decline completing a source of funds review, it's important to understand that refusal to provide the requested information could result in the closure of your account.
By agreeing to our Terms & Conditions, you've consented to verification checks, including requests for source of wealth or funds documentation. It's crucial to note that providing inaccurate information goes against our Terms & Conditions, which may lead to the suspension or closure of your account, or any other necessary action determined by us.
In general:
Please be assured that any documents you provide will only be reviewed by our Compliance Team. Your information will be handled in strict accordance with our Privacy Policy. This process is essential to maintain the safety and security of our LuckyDinero Social Casino community, ensuring that our players can enjoy our games with confidence
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