Banking
Most banking enquiries reach us after a refusal or a notice to close. The cause is usually a policy applied without a proper look at the facts. Often there is a politically exposed person in the ownership or an entity registered offshore. Sometimes the money simply moves through more countries than the bank is comfortable with.
We begin with how the client is put together. We map the ownership, set out source of wealth and source of funds and prepare the file a bank’s onboarding team expects to see. Then we work out which bank will take it on and introduce you to the people there who can decide.
The work covers private banking for individuals and families and operating and treasury accounts for companies. It also covers holding companies, trusts and foundations. Many are registered in Cayman, the BVI, Jersey, Guernsey or Luxembourg. Regulated firms come to us for safeguarding and client money accounts.
When a bank has given notice we work to its date. The aim is a new account open before the old one closes.
The account is provided by the bank under its own authorisation. We stay with the relationship after it is open.