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Scope of Services: Carta Europe Investor Due Diligence

Scope of Services: Carta Europe Investor Due Diligence

SERVICE

CARTA RESPONSIBILITIES

CLIENT RESPONSIBILITIES

Investor AML/KYC

Carta will provide the AML and KYC services, including Customer Due Diligence (“CDD”) for all investors and its relevant parties, as follow:

Onboarding

Collecting and reviewing of CDD documents and relevant information as required Identification and verification of the identities of the investor and its related parties, such as -

Individuals;

  • Identification verification of individuals

Entity information;

  • Control person of the entity;

  • Individual beneficial owners as applicable; and

  • Verification of IDs

Conduct screening on the investor and its related parties and provide a report to the Client on the results for the following:

  • Politically Exposed Person (PEP) list;

  • Sanctions list;

  • Watch list;

  • Enforcement list; and

  • Adverse media.

Perform risk rating assessment on the investor

Periodic Review

  • Obtain and review updated CDD information

  • Conduct screening

  • Perform risk rating assessment

  • Provide update to the GP on any change in the screening and risk rating

Perform ongoing monitoring for the contract period.

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 the AML/KYC services on the investor and its related parties. Investor’s KYC documents such as:

For Individuals:

Photo ID

  • Current Passport

  • Photocard Driving Licence

  • Govt issued ID card

Tax Identification

  • Tax identification number NIN/UTR/SSN

  • FATCA

Proof of address dated within 3 calendar months

  • Utility bill (dated within the past 3 months - please note that mobile phone bills are not accepted)

  • Bank statement (dated within the past 3 months)

  • Letter from Government or your local authority (dated within the current financial year)

  • Tenancy agreement (not from a private landlord and must be dated within the past 12 months)

  • Home Insurance (dated within the past 12 months)

  • Source of Funds and Source of Wealth Declaration and its supporting document

  • Bank details

For entities:

  • Copy of formation documents;

  • Company registration number

  • Tax Identification Number

  • Bank details

  • US Person

  • FATCA

  • CRS classification

  • Register of Directors and Controlling Persons;

  • Register of Shareholders;

  • Source of Funds and Source of Wealth Declaration;

  • Latest financial statement, Management accounts

  • Identification and verification of IDs of each director, controlling person and shareholder. (beneficial owner with more than 25% or 10% or more ownership in some instances). Current Passport, Photocard Driving Licence, Govt issued ID card.

NOTE: List of KYC documents required subject to the types of investors.

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