Identification information - trusts and trustees (1) If under the AML-CFT Regulations or this Code, a service provider is required to identify a trust, the service provider must obtain— the name of the (a) the date of the establishment of the if applicable, an official Government issued identity number; identification information on each trustee; the mailing address of each trustee; identification information on each settlor of the and identification information on each protector or enforcer of the and confirmation from each trustee that— the trustee has provided all the information requested by the service provider; and the trustee will give the service provider updated information if there is a change. (2) For the purpose of this Code, includes a person who, “settlor” as settlor, established the trust and a person who has subsequently settled assets into the trust. (3) If a service provider determines that a business relationship or occasional transaction concerning the trust, that it is required to identify, presents a high level of risk, the service provider must obtain such additional identification information as it consider appropriate. (4) If subparagraph (3) applies, but without limiting it, a service provider must obtain identification information on— each beneficiary with a vested right; and (a)
Identification information - trusts and trustees (1) If under the AML-CFT Regulations or this Code, a service provider is required to identify a trust, the service provider must obtain— (a) the name of the the date of the establishment of the if applicable, an official Government issued identity number; identification information on each trustee; the mailing address of each trustee; identification information on each settlor of the and identification information on each protector or enforcer of the and confirmation from each trustee that— the trustee has provided all the information requested by the service provider; and the trustee will give the service provider updated information if there is a change. (2) For the purpose of this Code, “settlor” includes a person who, as settlor, established the trust and a person who has subsequently settled assets into the trust. (3) If a service provider determines that a business relationship or occasional transaction concerning the trust, that it is required to identify, presents a high level of risk, the service provider must obtain such additional identification information as it consider appropriate. (4) If subparagraph (3) applies, but without limiting it, a service provider must obtain identification information on— (a) each beneficiary with a vested right; and
SRO.-No.-20-of-2016-Anti-Money-Laundering-and-Terrorist-Financing-Code-2016-2.docx