Trust & Fiduciary Companies

The business of Trust companies is changing rapidly, with the regulatory net tightening and banks increasingly hesitant to deal with legal entities with lower local substance.
Any question-marks over a client or their activities is likely to raise questions, or even possible account closures, with new banking relationships hard to come by.
This makes many tasks not just a regulatory necessity, but also needed for your own peace of mind to limit legal exposure: periodic client reviews, cross-border tax reporting, counter-party due diligence, documenting transactions conducted on behalf of clients.

All of it adds up to a sizeable burden. One which clients may be reluctant to accept in your billable hours when their perception may be that you are just “doing simple paperwork and bank transfers”.

How we can help


Compliance software that lets you spend more time advising your clients

Our Client Due Diligence Hub (CDD Hub) software provides a digital client compliance file that lets you manage client due diligence (KYC/AML), counterparty due diligence, transaction checklists/documentation and tax classifications in a single place for even the most complex legal structures.

Benefits & Outcomes
Better client service & increased revenue
  • Reduce time spent on non-billable or contentiously billable compliance matters
  • Increase availability for more strategic advisory with higher per-hour fees
Operational efficiencies
  • Automate AML risk & cross-border tax classifications (FATCA & CRS)
  • Reduce time spent on client reviews & counterparty due diligence
  • Easily generate lists of clients based on tax status, jurisdiction etc
Reduced regulatory risk & cost
  • Ability to show auditors, banks & authorities consistent application of policies & documentation with a bullet-proof audit-trail, limiting your legal exposure.
  • Reduced cost of regulatory change management with sophisticated regulatory rules engine and shared cost through community

For a list of the compliance tasks CDD Hub covers, click here

Consultancy

While our software offering works out-of-the-box and requires no customisation, we understand one-size does not always fit all. We are happy to assist with the following:

  • Consultancy around digitalisation of existing manual processes.
  • Systems integration of CDD Hub into other systems, such as CRM or other systems.
  • Customisation according to internal processes & policies.
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