Due Diligence Scope of Services: Know-Your-Transaction (“KYT”)

Carta will provide the AML/KYC services, including conduct due diligence on the target entity and its connected parties, as follow:

A. Information/

document collection

1. Collect relevant documents and information on the targeted entity and its connected parties, such as –

- Corporate documents

- Individual documents

- Management account

- Pitch deck

- Investment Memo Summary

- Controlling person

- Founders and/or beneficial owner


B. Due Diligence

1. Review documents/ information collected to identify, verify and understand the targeted entity and its connected parties, such as -

- Entity information and business activities

- Financial status – profit or loss

- Controlling person

- Founders and/or beneficial owners and /or investors holding 10% or more interest, where applicable

2. Conduct screening on the targeted entity and its connected parties for the following watchlists:

- Politically Exposed Person (PEP) list;

- Sanctions list;

- Enforcement list; and

- Adverse media

3. Perform risk rating assessment on the targeted entity


C. Periodic monitoring during contracting periodic

1. Review and request updated documents so as to maintain the entity information up-to-date

2. Conduct screening

3. Provide update to the Client on any change in the screening and risk rating


D. Recurring screening on applicable parties during contracting period (if engage Carta for recurring KYT service)

Client (either through Client’s GP or Client’s legal counsel) to provide Carta with all necessary KYC documents containing the relevant information required by Carta to perform due diligence on the target entity and its connected parties. The information/documents such as:
For targeted entities:
- Formation documents;

- Register of Directors and Controlling Persons;

- Register of Founders/ Shareholders/ Beneficial owners/ Investors;

- Source of Funds and Source of Wealth Declaration;

- Latest financial statement; and

- Identification and verification of IDs of each director, controlling person, founder/ shareholder/ beneficial owner/ investor.

Note: List of KYC documents required subject to the types of entity