The information contained in this website is for information purposes only and does not constitute professional advice. It has been written in general terms and cannot be relied upon to cover specific situations. Nothing in this website shall be taken as being an invitation to invest to anyone in any country where the issue of such invitations to invest is unlawful.

This website is subject to regular update and revision. We maintain the right to delete or modify in whole or in part any information on this website without prior notice.

Potential clients should take professional legal and taxation advice relevant to their personal circumstances and to their own jurisdiction prior to commencing any form of business relationship with Cayman National. Cayman National does not provide such advice directly but can assist clients to obtain independent professional advice if necessary.

The Cayman National Group applies strict "know your customer" checks and procedures in accordance with all relevant regulatory and anti-money laundering legislation and codes.

Accordingly, professional references along with independently certified copies of identification documents are required for all new clients. A detailed understanding of the purpose and background to the establishment of any offshore structure is required and Cayman National reserves the right to request detailed documentation in support of any transaction passing through a client's account.

Cayman National reserves the right to request any additional detailed documentation it considers necessary to determine the bona fides of any transaction. Failure by a client to provide adequate details and/or supporting documentation in respect of any significant transaction may result in the client relationship being terminated and appropriate reports filed with the relevant regulatory and anti-money laundering authorities.

Deposits placed with Cayman National Bank and Trust Company (Isle of Man) Limited are covered by the Depositors Compensation Scheme contained in the Isle of Man Banking Business (Compensation of Depositors) Regulations 1991.

Cayman National Bank and Trust Company (Isle of Man) Limited is licensed by the Financial Supervision Commission for Banking, Investment and Corporate and Trust Service Provider business.

The registered office and principal place of business of Cayman National Bank and Trust Company (Isle of Man) Limited is at 4-8 Hope Street, Douglas, Isle of Man, IM1 1AQ, British Isles. Telephone +44 1624 646900.

Cayman National Bank and Trust Company (Isle of Man) Limited is a wholly owned subsidiary of Cayman National Corporation Limited, a public company quoted on the Cayman Islands Stock Exchange whose registered office and principal place of business is at 200 Elgin Avenue, George Town, Grand Cayman, Cayman Islands.

Cayman National Fund Services (Isle of Man) Limited is licensed by the Financial Supervision Commission for Investment Business.

The registered office and principal place of business of Cayman National Fund Services (Isle of Man) Limited is at 4-8 Hope Sreet, Douglas, Isle of Man, IM1 1AQ, British Isles. Telephone +44 1624 646900.

Cayman National Fund Services (Isle of Man) Limited is a wholly owned subsidiary of Cayman National Corporation Limited, a public company quoted on the Cayman Islands Stock Exchange whose registered office and principal place of business is at 200 Elgin Avenue, George Town, Grand Cayman, Cayman Islands.

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Know your customer procedures

Cayman National strictly complies with the applicable anti-money-laundering requirements in each jurisdiction in which the company operates.

Cayman National has responsibility for verification of the identity of clients and the monitoring of transactions. Accordingly advice will be provided in relation to the declarations and documentation required from potential clients.

A detailed understanding of the purpose and background to the establishment of any offshore structure is required along with documentary support for all major transactions passing through a client's account.

Cayman National reserves the right to request any additional detailed documentation it considers necessary to determine the bona fides of any transaction. Failure by a client to provide adequate supporting documentation in respect of any significant transaction may result in the account being closed and appropriate reports filed with the relevant regulatory and anti-money laundering authorities.

The following documents would normally be requested in support of an application.

Certified copies must be certified by a suitable certifier, for example a lawyer, accountant, notary public, member of the judiciary, embassy official, director or manager of an authorised credit or financial institution or serving police officer.

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Individuals

• certified copy of passport or full driving licence which bear a photograph and an original utility bill; and
• Letter of reference from a bank which gives the following details: name, current permanent address and verification of signature. Alternatively an applicant may provide the name and address of a bank so that the Administrator can contact such bank for same.

Corporations, Partnerships and Limited Liability Companies

• certified copy of certificate of incorporation, certificate of organisation or certificate to trade, certified copy of memorandum and articles of association or partnership agreement;
• list of directors' names (partners' names if a partnership), occupations, residential and business addresses and dates of birth of such directors' (partners' if a partnership);
• a list of all the authorised signatories and verification of the identity of the directors/partners by way of a certified copy of passport or full driving licence which bears a photograph and an original utility bill;
• duly authorized mandate or resolution of the directors/partners to establish a business relationship;
• list of names and addresses of all shareholders or equity holders who hold 10 per cent or more of the issued share capital of the company and occupations and dates of birth of any such shareholders who are individuals;
• details of ultimate beneficial ownership of any company that holds more than 25 per cent of the issued share capital of the company;
• a letter of reference or permission granting the Administrator to request the same from the company's/partnership's bank; and
• Copy of the latest annual report to shareholders.

Trusts, Nominee and Fiduciary Clients

• evidence verifying proper appointment of trustees (e.g. a certified copy of extracts from the deed of trust or a letter from an advocate/solicitor verifying the same);
• copy passport or other evidence of identity detailing each settlor's photograph and signature;
• copy recent rates or utilities bill showing each settlor full permanent residential address;
• in the case of a corporate trustee a copy of the latest annual report to shareholders (if available), certified copy certificate of incorporation, certified copy of by-laws or memorandum and articles of association; and full list of authorised signatories;
• the nature and purpose of the trust; and
• Verification of identity of the trustees, settlor, and protector, the person providing the funds and any controller or similar person who has power to appoint or remove the trustees.

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