0%

Scope of Services: Due Diligence (US Portfolio Companies)

Scope of Services: Due Diligence (US Portfolio Companies)

SERVICE

CARTA RESPONSIBILITIES

CLIENT RESPONSIBILITIES

Investment Prospect Due Diligence for Portfolio Companies (U.S. based)

Provide a report of findings to Client with the following information within an estimated 3-5 business days* of Carta receiving all necessary information from Client;


Review of Portfolio Company and principals for

  • Political exposure (PEP)

  • Sanctions

  • Other watchlists

  • Enforcement

  • Adverse media

Perform monthly screening of names for contract period.

Client must first provide Carta with the following information, if available:

  1. Pitch deck

  2. For each portfolio company (where available):

  • Formation documents

  • Name

  • Address

  • Website

  • Government-issued ID number (EIN for U.S. entities).

  1. Client to provide Carta with individual information for beneficial owners with 20% or more ownership and one (1) control person for the entity (where available):

  • Name

  • Title

  • Address (country)

  • Email


*All Carta SLAs exclude public holidays and office closures. Expedited service may be provided for an additional fee.  

Please note: If the expedite service is added, the delivery time will be an estimated  2-3 business days from when documentation is provided to Carta 

This scope  is designed for funds domiciled in the US and  meets the  U.S. standards for Anti-Money Laundering (AML) and Know Your Customer (KYC) identity verification. It may not be suitable for funds domiciled in other jurisdictions. 

This scope of service is a supplemental service to support a BSA/AML program that is owned by the Client. 

If contracted for KYC as a service, please note that Carta does not act as the Client’s BSA/AML Officer; supplemental Compliance Officer, and/or General Counsel.

The contracted service does not replace the need for an independent BSA/AML program owned by the Client. 

This scope of service does not include nor does Carta provide guidance to the Client in regards to customer/investor risk, customer compliance, geographic risk, or compliance/legal ramifications of non-compliance to BSA or other applicable regulations.  The Client owns the compliance risk and ultimately responsibility for their own BSA/AML program. 

DISCLOSURE: This communication is on behalf of Carta Investor Services, Inc. ("Carta"), an affiliate of eShares Inc., d/b/a Carta, Inc. ("Carta, Inc."), and is not to be construed as legal, financial, accounting or tax advice; it is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Neither Carta nor Carta, Inc. assumes any liability for reliance on the information provided herein.

0%