Where standard verification is undertaken with respect to a trust, the following “Client Information” will be requested from the Client contact (see Client contact): 

  • Documentation (e.g. Trust Deed, or letter from a solicitor) confirming the following details:

    • Trust name

    • Date of trust settlement

    • Country of establishment (if applicable)

    • Address of trust administrator

    • Type of trust, i.e. discretionary, testamentary, bare, charitable

    • Settlors

    • Trustees

    • Protectors (if any)

    • Guardians (if any)

    • Appointors

    • Beneficiaries (including class, if applicable)

    • Relationship to client (if not the client), e.g. shareholder


In addition, client verification (see Client verification) will be initiated with respect to:


Where enhanced verification is undertaken with respect to a client that is a trust, the standard verification process (above) will be initiated with the following addition:

  • Source of Wealth or Source of Funds (see Source of Wealth) for the client will be requested


Where simplified verification is undertaken with respect to a client that is a trust, the standard verification process (above) will be initiated with the following exception:

  • client verification (see Client verification) will not be initiated with respect to any beneficial owners (see Beneficial owners)