Safeguard a wide range of assets through Trust Law
Trust Law is a legal mechanism that allows individuals or corporations to safeguard a wide range of assets, such as property, paintings, financial assets, and even personal or intellectual property.
PRINCIPLES OF UTGL
Legal and Compliant
Your trust, Our responsibility
UTGL as a global financial institution is led by an experienced team of experts across the trust industry, financial services, and payment industries. We utilize cutting-edge, yet high legal compliance proprietary technology to provide customer-first services and solutions. We pride ourselves on delivering bank-grade financial asset protection and highly customizable solutions, allowing our customers to live life to its fullest with confidence that all interactions and arrangements conducted with us are safe, discreet, professional and optimized for the customer’s benefits.
Trust has over 100 years of history and it’s well-recognized as the safest and most effective tool for managing assets with protection. With your trust, we take responsibility for managing your assets in good hands.
Independence of your trust assets guaranteed
By law, all moneys, property and securities received or held by any trust company in a fiduciary capacity shall always be kept distinct from the trust company and in separate accounts. The trustee has a statutory duty of care to manage clients’ assets which will never be used to repay the debts of the trust company. At no time shall trust moneys form part of or be mixed with the general assets of the trust company. We keep your assets separate from the trust company's assets. Your assets are always safely kept with protection by laws.
High Security - keep safe of clients’ assets
We utilize automated systems and strict accounting and approval processes to monitor wallet balances and transactions. Our platform allows clients to place instructions and hence we can deal with clients’ assets on their behalf. In case of a catastrophic system failure or full system breach, clients'' assets are safe as they are held by the above reputable service providers. Our platform is designed so that a full breach of the system will not result in loss of client funds. We take platform security very seriously, and SMS authentication for all instructions is mandatory and cannot be turned off.
Trust in our compliance
In accordance with Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), we have the duty to follow the Customer Due Diligence procedures required in the AML Guideline. We conduct Customer Due Diligence and Know-Your-Customer processes in-house and retain all customers’ records, as well as ensure:
We are also subject to and supervised for compliance with AML/CFT requirements consistent with the standards set by the Financial Action Task Force (FATF), and strictly follow the List of FATF High-risk, non-cooperative jurisdictions and other monitored jurisdictions, United Nations and OFAC sanctioned countries. We comply with legal and regulatory obligations and take a risk-based approach by obtaining information and assessing how the client has acquired the wealth. In some circumstances, we will ask for documentary evidence to support the source of wealth description. Moreover, we follow the following international guidelines:
- Drug Trafficking (Recovery of Proceeds) Ordinance, Cap. 405 (“DTROP”)
- Organized and Serious Crimes Ordinance, Cap. 455 (“OSCO”)
- United Nations (Anti-Terrorism Measures) Ordinance, Cap. 575 (“UNATMO”)
- United Nations Sanctions Ordinance, Cap. 537 (“UNSO”)
- Weapons of Mass Destruction (Control of Provision of Services) Ordinance, Cap. 526 (“WMD(CPS)O”)
Ready to get started?
Unlock the power of trust with UTGL! Take the first step by exploring our Trust Platform, or create an account and instantly receive a virtual card. Our team is also ready to help design a custom package tailored specifically to your business needs.