NOMINEES
This is the person who actually owns the assets held in a nominee account
Who is the beneficial owner?
A suitable person, such as for instance a lawyer, accountant, director or manager of a regulated entity, a notary public, a member of the judiciary or a senior civil servant
What is a suitable certifier?
Where do we send a ticket when it is AML approved but still needs an EDD review
What is Pending Approval?
True or False: Legal, Tax, and Mailing addresses need to be filled out in insight
What is true?
This is the smallest country in the world
What is Vatican City?
While they both hold assets on behalf of others, a ___ acts as legal representation for the BO, while a ___ is primarily responsible for the safekeeping and administration of assets under their relationship
Nominee, Custodian
Can an individual self certify?
What is NO
Entity Type, AML Risk Type, AML Approval, AML Rep Letter, and EDD Form
What the fields that need to be accurately filled in/out on a JIRA ticket?
True or False: For an individual, the controlling party needs affiliate flag needs to be populated
What is false (unless there's a POA)
It’s the only continent with no active volcanoes
What is Australia?
Nominees will usually have all of the nominee's information filled out in the investor section of a sub doc, whereas this type of account has the underlying investor's information.
What is a custodian?
Can a certification stamp be used to certify a document as a true copy?
No, not without further web research verifying the notary from a reliable source.
This label needs to be added to the originating ticket if insight updates are required
What is AffUpdates?
If unsure of the fund domicile, you can check this tab to see if IMS filled out the country tab
What is the product tab?
In the NFL, each of these measures 10 yards by 53 1/3 yards
What is the end zone?
This is the information a financial institution must always identify and verify, even when a nominee is involved
What is the ultimate beneficial owner
Can a document be certified by a beneficial owner?
These Sapphire tickets are one off requests, and are entitled "AML Checks m.d.yyyy"
What are AML Due Diligence Tickets?
This Elvis Presley song laments a lonely holiday in a certain color
What is Blue Christmas?
Jingle Bells was originally written for this holiday instead of Christmas?
What is Thanksgiving?
This type of nominee account pools multiple underlying clients, making transparency more challenging
What is an omnibus account?
True or False: California and New York are unable to certify a document is a true copy of the original.
What is True?
True or False: Paralleled Fenergo tickets do not automatically update Jira tickets as we progress through the journey
What is False?
A third party at the very least must have this filled out (if possible) in order to help Rob and Matt with some of the reports/tracking reports
What is Country?
From a flowering plant, the Aztecs used it as a chocolate enhancer and the Spanish called it this, meaning “little pod.
What is Vanilla?