Between November 2019 and January 2020, we conducted a survey of trust companies. We asked trust companies of different sizes, from a variety of onshore and offshore jurisdictions, with different ownership structures, questions about the most significant risk and compliance issues they face. The survey comprised 18 questions, with a randomised order of possible answers wherever this was feasible to increase the integrity of the responses.
We have collated our analyses of the results of the survey into a printable PDF report. The report covers various threats to trust companies, which our respondents deemed to be the most pertinent to their businesses. These include:
- Anti-Money Laundering (AML)
- Beneficiary disputes
- Cybersecurity
- Data protection
- Regulatory compliance
- Reputational risks
- Tax compliance
- Wider threats to trust companies
