The rules apply to certain professional services involving financial transactions, legal structures or the control of money and property.
Examples may include:
- assisting with the purchase, sale or transfer of real estate;
- assisting with the purchase, sale or transfer of a company or trust;
- holding, managing or controlling client money, accounts or property;
- assisting with equity or debt financing transactions;
- establishing or restructuring companies, trusts or other legal arrangements;
- acting as, or arranging for another person to act as, a director, secretary, trustee or partner; and
- providing a registered office or business address on behalf of a client.
Where Extrado assists with services of this nature, the AML/CTF requirements may apply.