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
Providing trust services in a professional capacity or on a commercial basis
Companies must be licensed if they provide trust services in a professional capacity or on a commercial basis.
If these trust services are provided on a one-off basis or very occasionally, your company does not need a licence. Trust services are, however, subject to a licence requirement if you actively promote them, for instance by advertising them, and also if you provide the service for different customers.
Information on applying for a licence as a trust office
Authorisation, yes or no?
Applying for authorisation
- Trust offices