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.
Certified/notarized copy of the Trust Deed which enables the FSP to verify that instructions received from the Trustees are consistent with those maintained in the Trust Deed and provides for verification of relevant signatures as appropriate
Copy of recent audited financial statements or statement of current assets (if available)
Copy of Power of Attorney, if any, given by the Trustees in relation to the Trust
Evidence of the signatories of the Trustees’ bank account
Professional reference on the Trustees, if not a regulated entity
Identity of underlying entities as appropriate to the type of entity, such as a protector, individual providing trustee services.