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What SoF (Source of Funds) verification guidelines does Ramp Network follow?

To meet our regulatory requirements, we may need to collect information about the source of your income and funds. Here's how it works.

Updated over 2 months ago

When do I need to verify my source of funds?

In some cases, regulations require us to ask for information about your source of income and documents proving the source of funds used in your transaction. This step is essential to ensure that all funds processed by Ramp Network are from legitimate sources.

What documents are accepted?

Evidence

Requirements/Supporting docs

Bank statements

  • Covering the three (3) most recent months

Payslips

  • Three (3) most recent payslips

Tax returns

  • Must correspond to the latest tax period

Digital asset exchange statement

  • Covering the three (3) most recent months

Property sales

  • Property sales agreement, AND

  • Bank statement showing the credited funds to your account.

Investment / brokerage statements

  • Covering the three (3) most recent months

Loan

  • Copy of the loan agreement, AND

  • Bank statement showing the credited funds to your account.

Inheritance

  • Copy of the will, grant of probate, trust deed, or a letter from the solicitor, AND

  • Bank statement showing the credited funds to your account.

Company ownership

  • Articles of Incorporation or Ownership Certificate, AND

  • Proof of company profitability, OR

  • Proof of income received from the company

What are the requirements for documents submitted as the source of funds documentation?

For your documents to be accepted as evidence, they MUST:

  • Display your full name, the issuer’s name, and the date of issuance.

  • Be written in the Latin or Cyrillic alphabet.

  • Be clear, fully visible, and readable (no parts of the document should be covered or folded).

  • Be submitted in PDF or high-quality image format (e.g., JPG or PNG).

  • NOT be a screenshot (screenshots are NOT accepted).

How long does it take to review the documentation of the source of funds?

The review of your source of funds documentation can take up to ten business days (business days refer to Monday through Friday, excluding public holidays). We appreciate your patience as we verify these documents.

What happens if I don’t provide evidence for the source of my funds?

If you fail to provide the necessary documentation to verify the source of your funds, your transaction will be canceled, and you may also be prevented from transacting further through Ramp Network.

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