A “politically exposed person” means a person who is:
an individual who is or has been entrusted with a prominent public function in a country or territory or by an international organisation, for example: heads of state, heads of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials;
an immediate family member of a person mentioned in sub-paragraph (1), including any of the following: a spouse, a partner, that is someone considered by his or her national law as equivalent or broadly equivalent to a spouse, children and their spouses or partners as defined in clause (ii), parents, grandparents and grandchildren, siblings;
a close associate of a person mentioned in sub-paragraph 1., including any person who is known to maintain a close business relationship with such a person, including a person who is in a position to conduct substantial financial transactions on his or her behalf.
Source of Funds documentation provides details of the bank account that will be used for the transfer of subscription funds as well as dividend payments or redemption amounts. The document must show:
name of the bank
name of the account holder
account number or IBAN.
It can be, for instance, a bank statement (no older than three months) or a letter from the bank confirming the above mentioned.
In order to comply with regulatory requirements we are obliged to document the source of wealth and that the net assets requirement of $1m are satisfied.
Please ensure that the passport copy includes both the picture and the signature of the passport holder. Certification must include the following wording: ‘I hereby certify this document to be a true copy of the original document seen and verified by me and that the photo is a true likeness of the individual seen by me.’ Please provide a separate certification of the page bearing the signature of the passport holder and (if applicable) include the wording: ‘I hereby certify this document to be a true copy of the original document seen and verified by me and that the signature of the passport holder has been verified by me’. The document certification must not be more than six months old; one of the following ay be a certifier:
Registered lawyer
Registered notary
Chartered Accountant
Government Ministry
Embassy or Consulate
Police Officer
Director or manager of a regulated financial or credit institution
Proof of Address can be a certified utility bill, or a letter from the individual’s bank confirming the address. For residents of the Kingdom of Saudi Arabia, a print-out from the National Address system in Saudi Arabia will also be acceptable, and need not be certified. Any Proof of Address document should be no more than three months old.
The portal may collect and process Personal Data for specific, lawful purposes only, or for the performance of tasks carried out in the interests of Saray Capital (DIFC) Limited. This may include information you provide when you register using the Saray Capital (DIFC) Limited online client portal, and when you report a problem with any of our website services. The personal information you give us may include your name, address, e-mail address and phone number, certain device information, username, password, residential building, work address, photograph and other registration information you choose to provide. If you contact us, Saray Capital (DIFC) Limited will keep at least an electronic record of such correspondence, including personal information shared at that time.
Please provide information so all ultimate individual shareholders and/or directors have been identified.
