When setting up and using your XARU business account, we may request evidence of where your business funds originate. This is part of our regulatory obligations and ensures the security of XARU for all users.
You may be asked to provide proof of your business funds in the following cases:
· When opening your account
· If you conduct a transaction that is significantly larger than your usual business activity
· If you transfer an unusually high amount over time (e.g., a substantial sum within a single month)
Required Information in the Document
To verify the source of your business funds, the uploaded document must include:
· The amount of your business income (if there are multiple income sources, documentation for each must be provided)
· Your business name
· The document's issue date
· Signatures, if applicable
If the submitted document does not contain this information, additional supporting documentation may be requested.
Accepted Documents Based on Income Type
Revenue
· Bank statements* covering the last 6 months
· Invoices* issued within the past 6 months
· Service agreements from the last 6 months
· Audited annual financial statements from the past 12 months
*Our team may contact you for further documents to substantiate the details in your business bank statements.
*Invoices serve as supporting evidence only and are not accepted as primary proof.
Business Loan
Documents must not be older than 12 months. Acceptable forms include:
· Loan agreements
Funding and Shareholder Investments
Documents must not be older than 12 months. Acceptable forms include:
· Equity agreements
· Subscription agreements
Investments
Documents must not be older than 12 months. Acceptable forms include:
· Share sale certificates
· Asset sale agreements
Grants
Documents must not be older than 12 months. Acceptable forms include:
· Grant award letters
Donations
Documents must not be older than 12 months. Acceptable forms include:
· Donation receipts
· Tax receipts
Other Accepted Documents
· Bank statements or invoices from the last 6 months
· Annual financial statements from the previous year
· Gift letters and confirmation letters
Guidelines for Document Submission
· Upload files in PDF, JPEG, or PNG format (other formats are not accepted).
· Do not alter or modify documents.
· Ensure the complete document is submitted, with no missing sections or pages.
· Only scanned copies of documents should be uploaded.