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AML/CFT customer due diligence: trusts

Page last updated: 26 Jul 2019

A trust is an arrangement where a person (the settlor) gives money or property to another person (the trustee), to be held in trust for the benefit of either the trust’s beneficiaries, or a purpose recognised by law.

AML/CFT customer due diligence: trustsThis fact sheet is to be read in conjunction with the beneficial ownership guideline.

 

 

 

 


Related

AML CFT interpretation of a trust as a customer

AML CFT interpretation of a trust as a customer 

Clarification of the position the AML/CFT supervisors are taking with respect of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the Act”) interpretation of a trust as a customer.