We are pleased to introduce greater flexibility for Trust Clients – companies (corporate clients) can now be added as stakeholders of a trust.
Once a corporate client has successfully completed the required Anti-Money Laundering (AML) and Know Your Business (KYB) checks, it may, where appropriate, be assigned as a Corporate Trustee.
Key Information
- Eligibility: A company must pass AML/KYB checks before it can be added as a stakeholder.
- Exclusion: Companies cannot be added as stakeholders in bare trusts.
- Permissions: Once approved, instructions can be accepted from any authorised stakeholder within the company who holds the assigned status.
How to access this feature
This option is now available directly through the platform.
Please follow the below links that will take you to the Self-Service Centre where you will find further information: