The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.Read more
Licence: yes or no?
Two questions are important in determining whether your company needs a licence:
- Do the proposed services qualify as trust services?
- Does the natural person or company intend to provide the trust services in a professional capacity or on a commercial basis?
On the basis of these questions, you must determine for yourself whether you need a licence. If you are in doubt as to whether your current or proposed activities qualify you as a trust office, we recommend that you consult an expert advisor.
If you would like an assessment of your analysis of whether you need a licence, to ensure that it is correct, you can send us a reasoned legal analysis stating the name of the natural person or company involved. Please feel free to contact us for this.
Information on applying for a licence as a trust office
Authorisation, yes or no?
Applying for authorisation
- Trust offices
Innovation, technological developments and the emergence of new market participants are radically changing the financial sector.Read more