Trust Seller AML Requirements

Confirming Identity

In the case of a trust, we need to identify the following:

• Settlor(s)
• Trustees (the trustee we are dealing with or the protector, unless it is a regulated trust company)
• Beneficiaries, or where individual beneficiaries have not yet been determined, the class of persons in whose main interest the trust is set up or operates
• Any individual who exercises control over the trust e.g the appointer or protector

We utilise a software application known as Thirdfort to complete identity checks on any individuals we must verify. Thirdfort will confirm their identity, their address and whether they are a politically exposed person, subject to sanctions and/or any adverse media which we must consider as part of the required customer due diligence process. You can find more information on Thirdfort here.

We will also need you to provide the following:

• Proof of trust registration
• A copy of the deed of trust or an extract clearly identifying the nature of it e.g. discretionary and who the settlor, trustees & beneficiaries are.

Source of Wealth

We must establish the origin of your overall wealth – to support this, please fill out this source of wealth form.

Additional information or evidence may be requested depending on the AML risk. CDD is subject to ongoing monitoring and information may need to be refreshed if circumstances change.