To: AMS Corporate Services (Cayman) Ltd.
I / We do solemnly and sincerely declare:
1.THAT I am / We are the Beneficial Owner(s) & / or Director(s) of the Company;
2.THAT I am / We are familiar with the general business of the Company which is:
(Insert brief description of nature and details of business activities of the Company: e.g. trading (in what), import/export (of what), investments (type), consultancy (type), holding company (what assets), property (what type) or other (specify))
3.THAT the company will undertake business in the following locations:
(List countries in which the business activities will take place)
4.THAT the funds or other assets transferred or to be transferred by myself / ourselves or by other persons to the Company, are derived from:
(Please give full particulars including country of origin)
5.THAT all funds or other assets which will be transferred to the Company, are and will be clean cleared assets of a non-criminal origin and will not be funds or assets deriving or derived from the sale of illegal drugs, money laundering or other criminal activities.
56.I / We have read, understood and agree with the terms and conditions of engagement.
7.I / We have obtained my / our own tax advice and have not received any tax advice from AMS.
DUE DILiGENCE CHECKLIST
The following requested documents must be provided. We reserve the right to request additional KYC documentation at any time.
Individual Clients, Director(s), Shareholder(s) and Beneficial Owner(s)
Corporate Clients, Director(s) and Shareholder(s)
In the event that the beneficial owner of a corporation is a trust the following documentation should be collected:
Identification on the Settlor, Grantor or other individual(s) who funded the Trust or who will be financing or directing the structure (e.g., Trustees, Protectors and Enforcers) and in some cases, the beneficiaries, all in accordance with those requirements in keeping with the individual due diligence requirements as listed above.
The entity or individuals may not need to provide the above documentation to AMS if they are introduced by a regulated or approved entity. The acceptance of that entity as an eligible introducer will be at the discretion of AMS.
A document can be certified as a true and accurate copy of the original by a professional person such as a lawyer or accountant, notary public, judicial officer, senior public officer, government official or a director / manager of a regulated entity. The certifier should include their name, signature, date, occupation and contact details. Certified documents should not be more than 3 months old.
A professional reference should be based on the following guidelines:
- •Person writing reference must not be a family member;
- •Applicant must be known to person writing the reference for a period of at least two years and the nature of the relationship must be disclosed;
- •The person writing the reference must be independent, without a vested interest in the acceptability of the reference, i.e., letters from employees of the applicant who worked under their influence are not acceptable;
- •The reference letter must be signed and indicate a contact name and address;
- •The reference should address one or more of the following: the applicant’s honesty, integrity, reputation, competence and capability.
The staff member receiving the reference should seek to verify the standing of the referee, if possible, using some of the same techniques as performed in verifying a Third Party Introducer. Once a reference has been verified, staff should document on the reference the date the reference was verified, the party with whom they spoke and their initials.
A financial reference should:
- •State whether the account has been satisfactorily maintained;
- •State duration of relationship, (must be at least three years); and
- •Be on institution letterhead.
If the reference is an original received directly from the financial institution, there is no need to verify its genuineness. Otherwise, staff should attempt to verify the contact information through independent means (such as a search of the Internet for the company’s website or through an international telephone directory), the success of which will be documented in the due diligence file.
The referee should be contacted using the number obtained by this independent means to ensure that an individual has not created a fraudulent reference with a telephone number within their control. Once verified, staff should document on the reference the date the reference was verified, the party with whom they spoke and their initials.
Whenever possible all reference letters should be addressed to AMS Corporate Services (Cayman) Ltd., Governors Square, PO Box 30746, Seven Mile Beach, Grand Cayman, KY1-1203, Cayman Islands