Accounts offered by financial institutions to hold and manage assets on behalf of trust entities, facilitating transactions based on the specific terms and legal requirements of the trust arrangement.
Main/
Trust Accounts
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Code
PS0115
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Name
Trust Accounts
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Version
1.0
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Category
Deposit & Account Services
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Assets can be held in trust, removing a direct link to the beneficial owner.
- Complex trust arrangements provide additional layers of anonymity that hamper asset-tracing efforts.
- By assigning proxies as trustees or beneficiaries, criminals can distance themselves from the funds’ ownership.
- This structure leverages delegated authority, making it harder for investigators to establish the real source of assets.
- Used to hold assets under a formal trust structure, allowing criminals to rotate trustees or beneficiaries without drawing attention.
- Enables funneling funds across multiple recipients by exploiting the trust’s protective and discrete legal framework.