Procedures and Compliance
Private Client Identification

It is LSC & Partners’s own statutory duty regarding the prevention of terrorism, drug trafficking and money laundering, to be committed to undertaking full and thorough due diligence of both clients’ identities and the nature of their businesses.

Although respecting our clients’ confidentiality is one of our major concerns, we are obliged on the other hand by law to obtain the full information relating to all beneficial owners, directors, shareholders, bank account signatories and all parties connected in any way to any company, business entity, trust or Foundation we may form or administer:

Proof of Identity
Proof of Residential Address
In addition, a detailed Curriculum Vitae is sometimes mandatory and always useful.

1. Proof of Identity

To establish the identity and signature of all parties, clients must provide a copy of one of the following documents:

Current Valid Passport
Current Valid National ID Card

Such copy must bear a clear photograph, the holder’s signature and the document number. The copy must be certified by a manager of an LSC & Partners office or any of a notary public, lawyer, banker or another professional person.

The person making the certification must be a member of a professional organisation that publishes certified lists of its members and the professional body must be clearly identified under their signature.

The documents sent to us must bear the original signature of the person certifying the identity document.

The person certifying the Proof of Identity must have sight of the original document and certify the copy in the presence of the individual concerned by inserting the following text on the copy “Having seen the individual and the identification documentation at the same time, I certify this is a true copy of the original and that the photograph is a reasonable likeness”.

2. Proof of Residential Address

To validate the home address of all parties mentioned in your application, one of the following documents for each party, not older than three months:
Original utility bill (a telephone bill [mobile telephone bills are not acceptable], electricity etc.);
Original bank or mortgage statement from a recognised bank;
Original credit card statement;
Original bank reference, confirming the home address, from a recognised bank;
If you are unable to supply any of these documents you should contact us.

3. Curriculum Vitae

In order to understand our clients’ backgrounds and to assist in the opening of bank accounts we require information about our clients’ work experience, education and qualifications. Additionally, regulations in certain jurisdictions oblige TBA to each of our clients’ C.V.s.

4. Source of Wealth

A statement is required from the principal(s) offering a brief description as to the origins of his/her wealth and the period over which the wealth was generated.

5. Delivery

These may be emailed or faxed to us for review, but the originals must be sent to us by courier or mail and regretfully we cannot undertake work until the originals have been received. All documents must be in English or if not then a translation from an independent and accredited translator should be attached.

In some jurisdictions the requirements may differ.
Legal disclaimer

The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by LSC & Partners and shall be applied with prior consultation.

LSC & Partners does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.

The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.

While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations LSC & Partners accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.

LSC & Partners accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.