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1.5 Schedule 3A - KYC Documents needed for Individuals

  • Type of Document Requirements
    Passport 1 original certified* copy of the Client’s current valid passport, with clear colour
    Proof of residential address Original utility bill (or 1 original certified* copy), not older than 3 (three) months reflecting the Client’s residential address (Post Office Box or mobile phone bills are not sufficient and will not be accepted)
    Bank Reference Letter An original letter of reference from the Client’s bank, dated less than 6 (six) months, addressed to the CEO of First Sentinel Trust Company Wealth Services Ltd, specifying the complete name of the Client and confirming the length of time the account has been opened (this length of time shall exceed 2 (two) years), the type of account, and that the account has been conducted satisfactorily (a model of letter can be provided upon request)
    Curriculum Vitae Full curriculum Vitae from the Client signed by him
    Proof of qualification Copy of certificates of qualification (only for applications for specific licences such as Investment Adviser, Investment Dealer etc.)
    Proof of source of Funds(to be provided by the individual or corporate entity funding the fiduciary structure(s))
    Source of Funds Documentary Evidence required (all document needs to be provided in original or original certified true copy*)
    Business profits/ Dividends 3 latest bank statements; AND
    - Name and address of entity from which the business profits/ dividends emanate; AND
    - Annual financial statements of the business OR letter from an auditor.
    Income from Employment 3 latest bank statements showing receipt of salary payments; AND
    3 months recent payslips; OR
    Letter of confirmation from employer of income; OR
    Recent accounts (approved by a registered accountant) if self-employed.
    Sale of business 3 latest bank statements; AND
    Letter of confirmation of the sale from a lawyer; OR
    Copy of contract of sale/ purchase.
    Sale of property 3 latest bank statements; AND
    Signed letter from lawyer; OR
    Sale contract.
    Inheritance -3 latest bank statements; AND
    Legal document which must include the value of the inheritance; OR Lawyer’s or Executer’s letter confirming inheritance details.
    Royalties 3 latest bank statements; AND
    Legal document substantiating the royalty agreement.
    Savings/investments 3 latest bank statements; AND
    Investment/ saving certificates, contract notes, statements; OR
    Confirmation from the relevant investment entity.
    Gifts 3 latest bank statements; AND
    Letter from donor confirming details of gift; AND
    Details and documentary evidence of the donor’s source of wealth.
    Compensation payout 3 latest bank statements; AND
    Letter/ court order from compensating body; OR
    Lottery/BettingLawyer’s letter.
    Lottery/Betting 3 latest bank statements; AND
    Letter from relevant organisation (Lottery headquarters/ betting shop/ casino).

    * CERTIFICATION POLICY: Please take note that certification may be done by either a lawyer, notary, actuary or accountant holding a recognised qualification; serving police or customs officer (not applicable to South Africa); member of the judiciary; senior civil servant; employee of an embassy or consulate of the country of issue of identity documentation; director of a regulated financial services business in Mauritius or an equivalent jurisdiction; or Commissioner of Oaths. It should clearly indicate the name, position/capacity and contact information (address and telephone) of the certifier, date of certification and state that the document is a true copy of the original. Certification by the South African Police Force is not acceptable to our compliance.

  • Please send documents below in a single mail to submissions@mywealth-capital-login.com
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