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 content and materials provided on this website should not be interpreted as an invitation, solicitation, advice, or recommendation to engage in the purchase of products and services offered by LSC & Partners. We strongly advise individuals to initiate preliminary consultations before contemplating any such transactions.

LSC & Partners refrains from offering legal or tax advice without prior consultation with certified professionals who possess the necessary skills and expertise.

The information presented on this website is intended solely for general guidance and informational purposes. It should not be regarded as a source of advice for financial or tax-related decisions and should not serve as a replacement for personalized professional consultation.

While we have exerted diligence to ensure the accuracy and correctness of the information contained on this website, it is essential to acknowledge that due to the constant evolution of laws, rules, and regulations, LSC & Partners bears no responsibility for any loss or damage, whether direct or indirect, resulting from actions taken or not taken based on the information provided on this website. Specifically, we do not provide any warranty as to the completeness, accuracy, or reliability of this information and cannot guarantee that it is always up to date.

LSC & Partners disclaims all liability for any loss or damage, whether direct or indirect, arising from the application of any information presented on this website. This includes but is not limited to losses, damages, or expenses arising from defects, errors, mistakes, inaccuracies, or the reliability of this website, its content, or related services, as well as any instances of unavailability of the site or its contents and related services.