Many countries impose different rules for compliance. The most important rule is “know your client”. Banks generally ask to see the client’s passport and a copy of a utility bill (to prove that the client lives somewhere.). Generally, we try to apply the rules of the European anti-money laundering directive. This means that we must:
Before entering into a new relationship we generally require full information of the sources of funds, banking and/or professional references, a brief CV of the client and the proposed use of the structure.