Blue Capital Law Firm (“Firm”) offers Attorney Escrow Services for various financial transactions, whether domestic or international. In certain industries, these services may be referred to as “Paymaster” services. Experienced and knowledgeable in the handling of such services, our Firm provides attorney escrow / paymaster services to select clientele who are able to satisfy the necessary compliance requirements.
In accordance with the U.S. Patriot Act 2001’s anti-money laundering and anti-terror funding objectives, 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 various major banking institutions and are equipped 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.
To comply with U.S. Patriot Act and the requirements of the IRS, our Firm will require the following documentation from all parties who may be interested in employing our Firm’s attorney escrow / paymaster services:
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A copy of a valid current driver’s license and/or passport; |
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A completed IRS form W-9 for all U.S. citizens and companies; |
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A completed IRS form W-8BEN for all non US Citizens or companies; |
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Copy of the underlying transactional documents, including but not limited to the fee agreement (i.e., the FPA); and |
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A sufficiently detailed description of the pending transaction that will require our Firm’s services. |
Our fees for providing attorney escrow / paymaster services are competitive.
For more information, please write in confidence to Bryan Ngo at BNgo@bluecapitallaw.com.
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