DUCAT has strict client acceptance procedures and a zero tolerance policy regarding bribery and corruption. We are legally required as a licensed management company to monitor and report worldwide tax evasion, money laundering and terrorist financing by monitoring transactions on a day to day basis.
Compliance and Know Your Client requirements are often time consuming and sometimes get in the way of more pressing business matters. DUCAT ensures to have policies in place in line with the leading international industry standards and in full conformity with all local requirements. We strive to apply these policies as user-friendly as possible. Furthermore, DUCAT regularly reviews its policies to ensure they are completely up-to-date.
Identification and verification of our clients, verifying the origin of our clients’ wealth and understanding the nature and purpose of the business of our clients are key to ensure all is compliant and to build a strong, long-term and personal relationship with our clients.
DUCAT is able to assist in handling regulatory requirements and ensuring awareness of rules, regulations and policies which are relevant to your business. We provide day to day compliance services such as regulatory reporting, establishing and implementing compliance policies and procedures, performing compliance audits, pinpoint potential risks and violations, as well as interacting and replying to inquiries from national and international authorities.
We follow closely and have our staff trained in all relevant information and changes in, amongst others, the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) to ensure keeping your and our records fully up to date and in line with these regulations.