KYC (KNOW YOUR CLIENT) POLICY

Transcription

1 KYC (KNOW YOUR CLIENT) POLICY Page 2 of 6

2 INTRODUCTION Charterprime Limited adheres to a stringent KYC (Know Your Client) Policy in the aim of upholding the highest possible standard of adherence to AML (Anti Money Laundering) and CTF (Counter Terrorism Financing) laws. Prospective clients of Charterprime Limited are to be categorized into one of the following for assessment: CATEGORY PAGES INDIVIDUAL 3 COMPANY 3 4 PARTNERSHIP 4 TRUSTEE 4 5 BENEFICIARY 5 ASSOCIATION 5 6 Page 3 of 6

3 INDIVIDUAL 1. THE FOLLOWING INFORMATION IS COLLECTED FOR AN INDIVIDUAL CLIENT: Collect and verify the full name of the individual Address and date of birth Collect the residential address Collect the date of birth Verify either the residential address or date of birth PEPs Determine whether the individual is a Politically Exposed Person (PEP) For individuals, a reporting entity may assume that the customer and beneficial owner are the same person, unless there are reasonable grounds to consider otherwise COMPANY 2. THE FOLLOWING INFORMATION IS COLLECTED FOR A COMPANY: Collect and verify the full name of the company, as registered by the appropriate governing body for the jurisdiction. Address Collect the full address of the company's registered office Collect the full address of the company's principal place of business (if any) Collect and verify (where possible) the registry number issued to the company Collect and verify whether the company is registered as a private, public or other type of company Collect the name of each director if the company is a proprietary company Collect the name of the country in which the company was formed, incorporated or registered Page 4 of 6

4 Collect and verify whether the company is registered by the relevant foreign registration body, and if so, whether it is registered as a private, public or other type of company Identify the beneficial owner(s) of the company Determine whether each beneficial owner of the company is a PEP PARTNERSHIP 3. THE FOLLOWING INFORMATION IS COLLECTED FOR A PARTNERSHIP: Collect and verify the full name of the company, as registered by the appropriate governing body for the jurisdiction. Address Collect the full residential address of each partner (not required if the regulated status of the partnership is confirmed by referring to a current membership directory of the relevant professional association) Collect the name of the country in which the partnership was established Collect and verify the information relating to one of the partners (as per the 'Individual' identification procedure) Identify the beneficial owner(s) of each partner Determine whether each of the partners or the beneficial owner of each partner is a PEP TRUSTEE 4. THE FOLLOWING INFORMATION IS COLLECTED FOR A TRUSTEE: Collect and verify the full name of the trust Collect the full business name (if any) of the trustee of the trust Collect the full name of all trustees Collect and verify the settlor of the trust, unless: Page 5 of 6

5 the material asset contribution to the trust by the settlor at the time the trust is established is less than $10,000 or the settlor is deceased or the trust is verified using the simplified trustee verification procedure Address Collect the full address of all trustees Collect information regarding the type of trust and the country in which the trust was established BENEFICIARIES 5. THE FOLLOWING INFORMATION IS COLLECTED FOR A BENEFICIARY: Collect one of the following: full name of each beneficiary of the trust if beneficiaries are identified by reference to a class, details of the class Sole trustee Collect and verify information relating to the sole trustee (as per appropriate 'Individual' or 'Company' identification procedure) Multiple trustees Collect and verify information relating to one trustee (as per appropriate 'Individual' or 'Company' identification procedure) Identify the beneficial owner(s) of the trust Determine whether each beneficial owner of the trust is a PEP ASSOCIATION 6. THE FOLLOWING INFORMATION IS COLLECTED FOR AN ASSOCIATION: Collect and verify the full name of the association Collect the full name of the chairman, secretary and treasurer or equivalent officer Page 6 of 6

6 Address Collect one of the following: Full address of the principal place of administration or registered office (if any) (only one of these required for collection) Residential address of the public officer Residential address of the president, secretary or treasurer (if no public officer) (only one of these required for collection) Collect and verify any unique identifying number issued to the association by the incorporating state, territory or overseas 'incorporation body' Identify the beneficial owner(s) of the association Determine whether each beneficial owner of the association is a PEP [the remainder of this page is intentionally left blank] Page 7 of 6