BLUEMONKS FOR TRUST SERVICE PROVIDERS
Outsource client investigation and
onboarding process
- KYC and AML solutions
- Education & training
- Interim and project management
- Quality Assurance
- KYC and AML solutions
- Education & training
- Interim and project management
- Quality Assurance
Customer service for client support during onboarding.
Years of experience in the Financial & Economic Crime Domain.
Always compliant and client files in order.
Scalable and adaptable to your changing needs.
Customer service for client support during onboarding.
BLUEMONKS IS YOUR TRUSTED PARTNER
BlueMonks offers a unique combination of an extensive and user-friendly software package along with a thorough analysis by our KYC analysts. This guarantees the complete handling of your KYC files to the required standards.
We also provide onboarding support for your clients through our dedicated service desk team. This means you can be free from the hassle of client investigations while ensuring that all client due diligence is conducted and completed in compliance with regulations.
Furthermore, we are committed to assisting you in keeping your policies up to date, providing a solid foundation for your operations. With us, you can rest assured that you won't have to worry about regulatory inspections, allowing you to focus on your core responsibilities.
BLUEMONKS IS YOUR TRUSTED PARTNER
BlueMonks offers a unique combination of an extensive and user-friendly software package along with a thorough analysis by our KYC analysts. This guarantees the complete handling of your KYC files to the required standards.
We also provide onboarding support for your clients through our dedicated service desk team. This means you can be free from the hassle of client investigations while ensuring that all client due diligence is conducted and completed in compliance with regulations.
Furthermore, we are committed to assisting you in keeping your policies up to date, providing a solid foundation for your operations. With us, you can rest assured that you won't have to worry about regulatory inspections, allowing you to focus on your core responsibilities.
THE ANSWER TO YOUR COMPLIANCE CHALLENGE
For managing and optimizing fund flows, Trusts are a popular means of streamlining and safeguarding wealth. However, even within this service domain, it is crucial to understand the obligations associated with establishing and managing a Trust. In particular, the Dutch Anti-Money Laundering and Counter-Terrorist Financing Act (WWFT) imposes various requirements on trustees to assist in the prevention and detection of financial crimes.
The WWFT mandates that trustees identify and verify the identity of the trust's founder, the trustee(s), the beneficiaries, and any other natural person who ultimately owns or controls the trust. Trustees are also required to monitor the trust's activities, including any unusual or suspicious transactions, and report them, if necessary, to the Financial Intelligence Unit (FIU-NL).
In addition to these obligations, trustees must maintain proper records of the trust's activities and ensure they have appropriate internal policies and procedures in place to comply with the WWFT. Non-compliance with these obligations can result in severe consequences, such as fines or even criminal prosecution.
It is essential for trustees to closely collaborate with their legal and financial advisors to ensure full compliance with the WWFT and other relevant laws and regulations. This helps protect the trust's assets and ensures that the trust is not used for illicit purposes.
At BlueMonks, we understand the importance of complying with the WWFT and other legal and regulatory frameworks. We have extensive experience in advising clients on establishing robust compliance processes. Our team of experts can assist you in navigating the complexities of the WWFT and other relevant laws and regulations, ensuring that you fully meet the established requirements now and in the future.
Contact us today for more information.
\
THE ANSWER TO YOUR COMPLIANCE CHALLENGE
For managing and optimizing fund flows, Trusts are a popular means of streamlining and safeguarding wealth. However, even within this service domain, it is crucial to understand the obligations associated with establishing and managing a Trust. In particular, the Dutch Anti-Money Laundering and Counter-Terrorist Financing Act (WWFT) imposes various requirements on trustees to assist in the prevention and detection of financial crimes.
The WWFT mandates that trustees identify and verify the identity of the trust's founder, the trustee(s), the beneficiaries, and any other natural person who ultimately owns or controls the trust. Trustees are also required to monitor the trust's activities, including any unusual or suspicious transactions, and report them, if necessary, to the Financial Intelligence Unit (FIU-NL).
In addition to these obligations, trustees must maintain proper records of the trust's activities and ensure they have appropriate internal policies and procedures in place to comply with the WWFT. Non-compliance with these obligations can result in severe consequences, such as fines or even criminal prosecution.
It is essential for trustees to closely collaborate with their legal and financial advisors to ensure full compliance with the WWFT and other relevant laws and regulations. This helps protect the trust's assets and ensures that the trust is not used for illicit purposes.
At BlueMonks, we understand the importance of complying with the WWFT and other legal and regulatory frameworks. We have extensive experience in advising clients on establishing robust compliance processes. Our team of experts can assist you in navigating the complexities of the WWFT and other relevant laws and regulations, ensuring that you fully meet the established requirements now and in the future.
Contact us today for more information.
YOUR BENEFITS
Expertise
Tailor-made solutions
Innovative technologies
Regulatory compliance
Reputation
Confidentiality
Cost-saving
Proactive approach
KYC ANALYSIS AND ONBOARDING
SME, GP, Ltd, Foundation
Foundation, Ltd structure, LLC
Choose the service that suits you.
