Adding Attorneys and Nominated Accounts

TrustForm not only collects data about the main applicant but also captures information about additional entities such as power of attorney (PoA) and nominated accounts.

TrustForm allows you to comprehensively manage data related to various entities connected to an applicant, including power of attorney and nominated accounts. This ensures compliance with regulatory requirements and provides a complete view of all relevant entities. You can add and manage data about these entities within the TrustForm platform.

Adding Power of Attorney

1. Navigate to the Applicant's Profile:

   • Log in to your TrustForm account and access the applicant's profile.

2. Add Power of Attorney Information:

   • Click on the "Attorney" tab.

   • Click "Add Attorney."

   • If the entity/person data is already present in the system, choose "Existing entity" tab. The system will pull the relevant profile, without you having to duplicate the data.

   • For new entities, choose the entity type, e.g., individual or corporate

   • Fill in the required fields, such as full name and address for individuals, and company name and address for corprorates

   • Upload any relevant documents, such as identification or certificate of incorporation

   • Run any relevant background checks, as required by your internal processes and KYC/AML procedures.

   3.Remove Power of Attorney

   • Click on three dots next the relationship entry you wish to remove.

   • Press "Remove connection" and confirm the removal.

   • The relationship will be disconnected from the account but not deleted from the system

Adding a Nominated Account

1. Navigate to the Applicant's Profile:

   • Log in to your TrustForm account and access the applicant's profile.

2. Add Nominated Account Information:

   • Click on the "Nominated Accoun" tab.

   • Click "Add Nominated Account."

   • Fill in the required fields, such as:

     • Account Name

     • Bank Name

     • Account Number

     • Sort Code

     • Account Type

     • Сorrespondent banking details

   • Add Accout Holder

   • Upload any relevant documents, such as proof of account.

   • Click "Save" to store the nominated account information.

Frequently Asked Questions (FAQs)

Q: What information is required for adding a nominated account? A: Required information typically includes the account holder's name, bank name, account number, sort code, and account type. Proof of account documentation may also be needed.

Q: Can I add multiple powers of attorney or nominated accounts for a single applicant? A: Yes, you can add multiple entities for a single applicant if they hold more than one power of attorney or nominated account.