We are providing support to Fiduciary Corporate Directors which are classified as FFI in relation to the obligated due diligence procedures to be performed on their clients. Such more specific in relation to however not limited to the following matters.
- Residence address test
- Chapter IV classification of entities
- Not completed self-certification forms by bank account holder
- Conversion rates
- Double residency of entities
- UBO’s out of one family
- Deceased accountholders
- Controlling Persons, Substantial US Owners and US Persons
- Term of validity of W-8 forms
- Thresholds and determining of amounts to be reported (balance as per year end versus income during financial year)
- Exempted FFIs
- Active Holding Companies
- Treasury centers
- Funds
- Entities with no activities
- Entities in liquidation
- Entities professionally managed or not
- Related entities
- Trust entities and determining of the controlling persons
- Identification procedures
- Support to apply for Sponsoring GIINs
- Exempted FFIs
- Listed Shares regularly traded