For anti-money laundering purposes, we ask that funds deposited into a personal trust account belong directly to the account holder. However, we understand there may be legitimate circumstances where a third party needs to transfer money into the trust.

In such cases, we allow third-party deposits but additional due diligence is required. The client would need to provide clear documentation showing the nature of the relationship and reason for the funds transfer between the third party and themselves.

Acceptable documents could include sale/purchase contracts, invoices showing money owed, loan agreements, gift letters, or legal documents showing an inheritance. The paperwork must include relevant details like dates, parties involved, payment amounts, and purpose of the transaction.

Our compliance team will thoroughly review any supporting materials provided to assess the validity and purpose of the third-party funds. Only if we are fully satisfied the source of money has been clearly identified and there is a genuine connection to the account holder, will we approve accepting the deposit. Protecting the integrity and security of all client accounts is our top priority.