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Scope of Services: US Due Diligence (Sanctions Only)

Service

Carta Responsibilities

Client Responsibilities

Due Diligence Screening - Sanctions Only for U.S. based Funds

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

Initial sanction and watch list screenings

  • Investors reviewed as part of this service will be screened against OFAC, EU, UN, BOE, FBI, BIS and other sanctions lists.

Perform recurring screening of names against the above sanction and watch list(s).

Client (either through Client’s GP or Client’s legal counsel) must first provide Carta with all necessary information, as follows:

For individuals:

  • Name;

  • Title;

  • Personal address;

  • Date of birth;

  • Government-issued ID number (SSN for U.S. individuals); and

  • Non-expired government-issued photo ID (not required for U.S. individuals if SSN provided, required for non-U.S. individuals for verification).

For entities:

  • Formation documents;

  • Name;

  • Address; and

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

Client to provide Carta with individual information for beneficial owners with 25% or more ownership and one (1) control person for entity LPs:

  • Name;

  • Title;

  • Personal address;

  • Date of birth;

  • Government-issued ID number (SSN for U.S. individuals); and

  • Non-expired government-issued photo ID (not required for U.S. individuals if SSN provided, required for non-U.S. individuals for verification).

All Carta SLAs exclude public holidays and office closures.

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.