Notes on getting crypto wealth past a compliance desk
ChainComply sees Source-of-Wealth reviews from the institutional side every week. The blog is where the useful parts of that get written down, for the people whose case is being reviewed.
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Guides Start here: what a source of wealth file actually is A source of wealth file is two things: your claim and your evidence pack. What each one does, how your wallets join them, and the two ways to prepare the claim. ReadRead in this order
- Step 1 - Your claim How to write a source of wealth file the bank can check The five pages a compliance officer reads, the level to explain at, what a bank wants as evidence, the events it cannot explain, and what you cannot prove.
- Step 2 - Your evidence pack The 12 documents your bank will ask for Twelve areas a bank may need to understand before crypto proceeds arrive: what to offer, what to keep, and what not to send unasked.
Going further: building the whole claim yourself? What goes in a source of wealth claim, page by page
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Why FIFO in your Source of Funds report does not prove where the money came from
A tax tool's Source of Funds report explains one withdrawal using FIFO. Why that is not a Source of Wealth file, and what a bank can rely on instead.
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Start here: what a source of wealth file actually is
A source of wealth file is two things: your claim and your evidence pack. What each one does, how your wallets join them, and the two ways to prepare the claim.
Read -
The 12 documents your bank will ask for
Twelve areas a bank may need to understand before crypto proceeds arrive: what to offer, what to keep, and what not to send unasked.
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Why AI cannot build your source of wealth file
AI can write two pages of a thirty-page file very well. Who does the other twenty-eight, and why almost none of it is a writing job.
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Your bank asked you to prove where your crypto came from
Your bank wants two things: your own account of how you built your crypto position, and a way to check it without taking your word for it.
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How to write a source of wealth file the bank can check
The five pages a compliance officer reads, the level to explain at, what a bank wants as evidence, the events it cannot explain, and what you cannot prove.
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Who builds your source of wealth file: you, a firm, or software
A crypto source-of-wealth file can be built by you, by a specialist charging by the hour, or at a fixed price. What each costs, and which one your case needs.
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Source of Funds vs Source of Wealth: what your bank is actually asking you to prove
Banks ask two different questions and most crypto holders answer only one of them. What each term means, how your tax return and your source-of-wealth file fit together, and what a compliance officer is actually checking.
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“I sent them my full crypto history. They still said it was not enough.”
Why a complete transaction history can still fail a bank's Source-of-Wealth review, and what a structured Source-of-Wealth claim answers that raw data does not.
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What CashoutReady is, and when you need it
CashoutReady turns a crypto history spread across exchanges, wallets and DeFi into one Source-of-Wealth claim a bank compliance team can actually review.
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Your case does not have to wait for the reading list
If your bank has already asked the question, the first call is free and settles what a file would need to cover.