Words Matter So, you’re cruising along in the pre-FATCA/CRS world, providing fiduciary services for your clients, setting up accounts in either the name of the trust, foundation, underlying company or other wealth planning structures and processing mandatory or discretionary “distributions.” Depending upon the location of the client structure and the bank where the account is held, you have varying KYC/AML and similar rules to follow…a hodge-podge so to speak. But one thing remains consistent in
