Which Trust parties should be identified to determine the true nature of the Trust relationship according to Basel guidelines? (Choose three.)
A.
Respondents
B.
Payees
C.
Trust Administrators
D.
Trustees
Most Votes
E.
Beneficiaries
Most Votes
F.
Settlors/grantors
Answer:
B, D, E
User Votes:
A 5 votes
50%
B 16 votes
50%
C 23 votes
50%
D 50 votes
50%
E 47 votes
50%
F 42 votes
50%
Discussions
0/ 1000
SemaArcag
1 year, 6 months ago
According to Basel guidelines, the following parties should be identified to determine the true nature of the Trust relationship:
C. Trust Administrators D. Trustees E. Beneficiaries
Assist.moli
1 year ago
To determine the true nature of the Trust relationship according to Basel guidelines, the following Trust parties should be identified:
D. Trustees
E. Beneficiaries
F. Settlors/grantors
These parties are crucial for understanding the structure and purpose of the trust, as well as for identifying any potential risks associated with the trust relationship.
aseel
10 months, 3 weeks ago
D. Trustees E. Beneficiaries F. Settlors/grantors
alban_999
4 months, 3 weeks ago
C. Trust Administrators D. Trustees F. Settlors/grantors play vital roles in the establishment and management of a trust and identifying them helps in understanding the trust's structure and purpose.
sabraham
4 months, 1 week ago
DEF is the true answer
trinka5
2 weeks, 1 day ago
According to Basel Committee guidelines and FATF Recommendations, when assessing the true nature of a trust relationship, financial institutions should identify and verify the following key parties:
Settlors/Grantors – The person who creates the trust and transfers assets into it.
Trustees – The individuals or institutions managing the trust and its assets.
Beneficiaries – The persons or entities entitled to benefit from the trust.
These parties are essential to understanding control and ownership, which is central to anti-money laundering (AML) due diligence efforts.
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According to Basel guidelines, the following parties should be identified to determine the true nature of the Trust relationship:
C. Trust Administrators
D. Trustees
E. Beneficiaries
To determine the true nature of the Trust relationship according to Basel guidelines, the following Trust parties should be identified:
D. Trustees
E. Beneficiaries
F. Settlors/grantors
These parties are crucial for understanding the structure and purpose of the trust, as well as for identifying any potential risks associated with the trust relationship.
D. Trustees
E. Beneficiaries
F. Settlors/grantors
C. Trust Administrators D. Trustees F. Settlors/grantors play vital roles in the establishment and management of a trust and identifying them helps in understanding the trust's structure and purpose.
DEF is the true answer
According to Basel Committee guidelines and FATF Recommendations, when assessing the true nature of a trust relationship, financial institutions should identify and verify the following key parties:
Settlors/Grantors – The person who creates the trust and transfers assets into it.
Trustees – The individuals or institutions managing the trust and its assets.
Beneficiaries – The persons or entities entitled to benefit from the trust.
These parties are essential to understanding control and ownership, which is central to anti-money laundering (AML) due diligence efforts.