Corporate documents

• Formation document (e.g. Certificate of Formation)
• Constitutional document (e.g. Charter)
• Council Member information (e.g. Statement)

Structure chart

A structure chart including each intermediary layer(s) up to ultimate beneficial owner level, being confirmed by one of the below:

• Council member
• Authorised signatory
• An advisor to the Foundation (e.g. legal counsel, accountant, tax advisor, administrator, etc).

Ownership and control

CDD documents are required for the key parties involved with the foundation, including:

• Direct beneficiaries – those parties with a direct vested interest in the assets of the foundation (e.g. named beneficiaries)
• Direct controllers – those parties exercising direct control over the foundation (e.g. council members, guardians, etc)
• Direct contributors – those parties who have directly contributed the assets of the foundation (e.g. the founder)
• Ultimate beneficiaries – those parties with an ultimate vested interest in the assets of the foundation (e.g. any individuals or regulated/listed entities sitting above direct beneficiaries who are private companies, trusts, etc).
• Ultimate controllers – those parties exercising ultimate control over the foundation (e.g. individual directors of a council member which is a corporate).
• Ultimate contributors – those parties who have ultimately contributed the assets of the foundation (e.g. high net worth individual sitting behind a founder which is a corporate, or trust, or similar)
• Intermediate parties – any other parties sitting between direct beneficiaries/controllers/contributors and the ultimate beneficiaries/controllers/contributors.

Ultimate Beneficiaries/Controllers/Contributors

*Under the anti-money laundering regulations for Jersey, Guernsey, Luxembourg and UK, the threshold is 25%; and for all other jurisdictions is 10%. Please refer to our original e-mail request to see which jurisdictional rules apply.

The above mentioned should be submitted to us via one of the following methods: