03 SOURCE OF WEALTH
The Insurance (Anti-Money Laundering) Regulations 2008 requires all Isle of Man life companies to make enquiries as to how an
applicant has acquired the monies to be used as payment for their plan. This reﬂects the Isle of Man’s commitment to maintain the
highest possible standards of business practice and to counter money laundering and the ﬁnancing of terrorism.
RL360 has adopted a risk-based approach to meet these regulations, categorising all countries that we will accept business from
into 1 of 3 tiers. Each tier has dierent source of wealth requirements. We have categorised countries according to their level of
compliance with international regulatory standards.
Full details on the source of wealth procedures can be obtained from your ﬁnancial adviser or can be downloaded from
You must complete the following questions in full, in all cases, and for both plan owners as applicable.
Plan owner 1 Plan owner 2
Annual salary plus bonuses
Income this year
Income last year
Nature of business
Other unearned income
Date received (dd/mm/yyyy)
If you intend to fund your plan from another source, please indicate which one from the list below for each plan owner and
provide the relevant information requested in Section 04 – Additional Information.
Source of funds/wealth
Amount* | Bank where savings were held | How were savings accumulated?
Property sale Amount* | Address of property | How long held | Date of sale
Sale of asset Amount* | Asset type | How long held | Date of sale
Company proﬁts Proﬁts this year* | Proﬁts last year* | Company name and industry
Company sale Amount* | Company name and industry | Date of sale
Maturing investment Amount* | From which company | Date of sale
Lottery/betting/casino Amount* | Source of win | Date received
Compensation payment Amount* | Reason for payment | Date received
Gift or Inheritance Amount* | Relationship to benefactor | Reason for gift | Date received
Other Amount* | Reason for payment | Date received
* Please include currency
RL360 reserves the right to request further documentary evidence of source of wealth should it be considered necessary.