Anti-Money Laundering · glossary
The person who set up a trust and gave it its money. Merranby’s settlor, Oliver’s father-in-law, keeps the power to replace the trustee. So he controls the trust and is a beneficial owner. Client Due Diligence File, definitions, “Settlor” · Chapter 4 · see Beneficial owner
Explained in Chapter 4, Beneficial Ownership: Offshore Companies and Trusts, of Anti-Money Laundering.
The firm checked the trustee’s licence on the Jersey regulator’s public register. The trustee’s letter confirmed that it holds Ostrick for the trust. The letter also named the settlor, the person who set up the trust and gave it its money. The trustee did not send the trust deed.Read Chapter 4, Beneficial Ownership: Offshore Companies and Trusts →
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means Adrian Vessaly, who settled the Trust in 2021;Read the definition in the document →
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