High Net Worth Individuals Onboarding

Managing Editor
Kareem Basyouni
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M2 is committed to maintaining comprehensive and risk-based Customer Due Diligence policies and procedures. To this aim, we require certain information and documentation to be submitted for review.

For your convenience, we’ve included a list of required documentation below. Please do note that during the application process, you may be required to provide additional documentation depending on your answers to certain questions. Our analysts may also reach out for further clarification and/or documentation following their initial review.

Source of Funds Documentation
Please provide your source of funds documentation. This can be proven through a series of the following document types: Bank Statement(s), Brokerage Statement(s), Crypto Source Transcript(s). Items must include the date (no older than 3 months), your full legal name, and the full name of the Bank or Company managing the funds.

Source of Wealth
Please provide documentation for your primary source of wealth. This can be proven through a series of documents that are related to your primary source of wealth such as: proof of employment, bank statement which highlights your salary, formation documents of your business along with its bank statement, investment statement, trust certificate or similar document, copy of legal settlement.

*Note that exceptions may be granted from compliance for a High-Net-Worth-Individual (HNWI) whose wealth can be verified via legitimate public sources. Confirm in advance.

Proof of Address Document(s)
Proof of address should be an official document such as a Phone Bill, Utility Bill, Bank Statement, Paystub, Tax Document, etc. The document must be dated within 3 months. A second form of government-issued photo ID may be provided in lieu of a proof of address document.

The following are acceptable forms of government-issued photo ID:

- Passport (both photo and signature pages)

- Passport Card

- National Identity Card

- Driver’s License (both front and back)

Disclaimer:
It is highly recommended to conduct thorough research prior to making any financial decisions. Please note that this article's purpose is solely for educational purposes and the author and the organization, M2, do not influence the reader's investment or trading choices.

Kareem Basyouni
Author

Kareem comes with 19 years experience in Operations and Customer experience with extensive global exposure in various fields and fintech. In 2019 Kareem discovers the crypto world in depth and becomes an enthusiast while he believes crypto is the future and financial freedom. Joined M2 in 2022 and is leading the Global Customer Experience for the exchange.

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