Unlike authorized institutions, as defined in the Banking Ordinance Cap.155, a licensed Trust Company is not regulated by the Hong Kong Monetary Authority.
A trust arrangement is a private agreement between the settlor and the trustee. Unless the settlor is involved in an alleged crime or a High Court order is obtained, FGA will not disclose a client’s trust information.
Bank assets are often subjected to 3rd party investigation. Will a Trust account come across the same problem?
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Written by FGA
Updated over 2 years ago