If you do not have any of the below - please tick "NO" on our secure web form when prompted.
TABLE OF CONTENTS
- What is a nominee?
- What is a nominee director/ shareholder/ general partner?
- What are shares in bearer form?
- What if my entity structure does have any of the above?
What is a nominee?
In business, a nominee is an individual or entity who is acting on behalf of someone else (the true owner). The overall ownership, benefits and liabilities still lie with the true owners who may be a Domestic or International business.
What is a nominee director/ shareholder/ general partner?
A nominee Director is listed as a Director, however has no control over the company, and is acting on instruction of the true owner.
A nominee General Partner is a company who is listed as the General Partner within a Limited Partnership, however is acting on behalf of the true owner.
What are shares in bearer form?
What if my entity structure does have any of the above?
You will find when you click "YES" on our web form that we will ask for you to upload the Deed of Nomination for your company. You will then be contacted by the First AML team assigned to your case to provide Source of Wealth evidence.