Our clients are mainly multinationals, private equity firms, investment funds and high net worth individuals.
Each of our prospective clients is assessed individually for pre-acceptance and one of the first factors considered (and which helps build trust) is the origin of the relationship. Criteria such as length of the business relationship with the business feeder, frequency of the contact with the business feeder as well as regulation of the business feeder are evaluated at this early stage.
Working with IR Global is also a good example of a reputable business partner, as entities have adhered to high quality standards which give credit to the new client. Furthermore, this will for sure contribute also to speeding up the process as regards collection of AML-related documents.
While we have not banned working with clients coming from certain jurisdictions, as a Luxembourg CSSF supervised entity we are obligated to carry out an internal analysis and determine which countries are considered more at risk to work with. As such, in case of clients coming from jurisdictions considered more at risk, additional documents intended to bring comfort and build in trust might be requested. Furthermore, extensive AML/ CFT checks might also be performed.
Assessing client projects, as well as understanding their structure are also criteria which are weighted at the pre-acceptance level.
We are diligent in the pre-acceptance of our clients, by gathering most of the supporting documents and knowledge on the prospective client ourselves. We understand the importance of making the right decision at an early stage.