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IMPORTANT NOTE BEFORE CONTACTING US
IMPORTANT! A paymaster contract implicates ALL parties: Sender, Receiver and Mediators (if any). We get many requests from mediators which like to safe their commissions by a paymaster agreement. This is OK, but the main contract has to be closed between SENDER and RECEIVER of the funds. So, if you are mediator please advise the sender or receiver to contact us. It makes no sense to order a paymaster agreement where sender and receiver are not involved.
By international money laundering laws we are obligated to present a due diligence for each transaction to the banks, money laundering authorities and the tax authorizes of some countries. THERE IS NO WAY to execute or accept a mandate which is not covered by due diligence! As authorized paymaster attorneys we know the procedures and guarantee a safe and legal transaction.
Only with a professional, well prepared and documented due diligence funds transfers are possible! Otherwise funds will be blocked and money laundering or anti terrorism authorities will act against ALL parties.
All such transactions must be compliant with federal authorities including the U.S. Treasury Department and Homeland Security. We assist and work with such clients to ensure prompt payment of their fees within the guidelines of governmental authorities and regulations.
Requirements
Announce coming events
Announce coming events
Announce coming events
Each paymaster project MUST be legally structured. Especially concerning international money laundering laws are to respect numerous factors and rules. In some cases, it is necessary to develop and build a structure (holdings, banks, foundations ...) In the assessment and evaluation of each project, our experienced lawyers, tax experts and investment bankers work in a team to develop an optimal structure for the transactions. This is always associated with considerable effort. As we get hundreds of request every week, please understand that in any case we have to charge the costs of the due diligence which proofs the legal and fiscal factors.
Subtitle
Announce coming events
Announce coming events
When you hire us to provide paymaster and escrow services, the first thing you’ll need to do is provide the right documentation. That will include:
1. A copy of valid ID from each party, such as a Passport or Driving license
2. W-9 forms for each US citizen involved in the transaction
3. W-8BEN forms for non-US citizens involved
4. A copy of the payment agreement
5. Copies of all other relevant transactional documents
6. Report of pending dealings with which we’re involved
7. Names of all banks involved in the transaction also include: physical addresses of the banks, SWIFT/ routing numbers, and all bank officers (with their contact information) for the specified accounts.
From there, the transaction continues in accordance with the purchase agreement. As your paymaster, we’re not party to the transaction itself—our job is simply to check with the escrow account to determine when the funds are transferred. Once they are, we’ll disburse funds per the purchase agreement.
All the while, we’ll keep the identities of each party in the transaction strictly confidential. In addition, funds are typically handled through an Attorney’s Trust Account which is closely monitored by the Illinois state bar for added security.
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Additional Information
- You request all necessary information and documents through our website contact form, e-mail, telephone.
- We will then establish a personal communication with you - as trust and transparency through personal communication are the basic values underlying all of our services. We will send out the documents (see below) that need to be executed as well as a detailed description of the procedure.
- Please note that by law we are obligated to make a legal and tax due diligence in all paymaster transactions! Especially the money laundering rules and laws have to be proved and respected.
- Our group works with all leading banks in Europe
- Documents you receive include
- Client Information Sheet - your personal and contact as well as possibly company details. When returning it please do attach a scan of your valid passport or personal ID
- Attorney Paymaster Agreement (APA) - the basic document of our mandate. This APA will be valid for all future transactions
- Addendum A - information from payer/s. This form needs to be executed with the personal and contact details of the party/ies who will be sending funds to the Attorney Paymaster trust account;
- Addendum B - information from beneficiary/ies. This form needs to be executed with the personal and contact details of the party/ies receiving funds from the Attorney Paymaster trust account. Please do attach a scan of a passport or personal ID for every beneficiary.
- We need all relevant underlying contracts and fee agreements of your transaction(s), such as SALES AND PURCHASE AGREEMENTS, IRREVOCABLE MASTER FEE PROTECTION AGREEMENTS , SUB FEE PROTECTION AGREEMENTS.... This is needed to fully document the legitimate origin of the funds (source of capital) credited to the Attorney Paymaster trust account.
- Notarised photocopies of personal identification documents (passport / ID) of all beneficiaries
- After a one time advance fee has been credited to our business bank account to cover the costs for set up, due dilligence and constant communication with all parties involved your personal Attorney Paymaster trust account will be opened and ready to receive funds on your behalf. Usually at this time the setup process takes no longer then 24-48 hrs.
- You will then receive a message with all banking details of your personal or your companies' trust account to be able to communicate them with your partners.
