Blue Capital Law Firm (“Firm”) offers Attorney Escrow / Paymaster services for domestic and international financial transactions.
In light of the recent troubled financial times that businesses (including banking institutions) are experiencing and the strict compliance requirements of the U.S. Patriot Act 2001, banks will impose strict compliance requirements as pre-conditions to allowing large incoming transfers of funds into accounts that demonstrate little or no transaction history. Our Attorney Client Trust & Escrow Accounts are well established with the major banking institutions, including but not limited to Wells Fargo Bank, Bank of America, Citibank and Chase. This allows our Firm to facilitate most transactions and stay in full compliance of applicable law.
Our Attorney's Client Trust & Escrow Accounts are able to handle escrowed transactions and make disbursements in connection with various financial and deal closings. All transactions are, however, subject to our bank’s approval to verify the origin of funds, and the client is well advised to provide in advance to our office all supporting documentation and identification to ensure full compliance with the “Know Your Client” and “Know Your Transaction” policies.
Identifying and supporting documentation from all beneficiaries usually includes:
|
|
A copy of a current drivers' license and/or passport; |
| |
|
A completed IRS form W-9 for all U.S. citizens and companies; |
| |
|
a completed IRS form W-8BEN for all non US Citizens or companies; |
| |
|
Copy of the underlying transactional documents, including but not limited to the fee agreement (i.e., the FPA). |
Our fees for providing attorney escrow / paymaster services are competitive.
For more information, please write in confidence to Bryan Ngo at BNgo@bluecapitallaw.com.
|
