MIAMI
305-358-5000
BOSTON
617-720-1100
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Modern life is becoming more globalized each year. Many wealthy individuals
have funds, securities, businesses and properties in multiple parts of the
world. No matter where your funds are located, however, securing and moving
them with effective legal protection is vital.
Rather than coordinating with multiple attorneys in different countries, Masud
& Co., PC, allows you to centralize your paymaster solutions. Our meticulous
approach and deep finance law background can give you an advantage. We
regularly advise both foreign and domestic clients.
Masud & Co., PC, offers comprehensive paymaster services to private
individuals, trusts, companies and corporations globally, including:
We serve as a trusted, neutral, third party that collects deposits around
domestic and international business transactions, holds funds in trust and
then releases those funds as per the agreement of the parties.
We will take time to learn about your unique goals and your funds. Then we
will create an innovative strategy that allows for the movement of your funds
and keeps them accessible when you need them. With our tailored approach,
your Paymaster protection methods can match your personal plan and
lifestyle.
With decades of experience in international business law and finance law, our
lawyer understands how certain actions may impact you and your loved ones
for years to come. We can help you structure your funds movements around
differing regional tax liabilities, unique family situations and special assets,
such as business ownership
To assist the U.S. government in its fight against financial criminal activity,
federal regulation requires certain financial institutions, escrow agents or
paymasters to secure, verify, and record information about the beneficial
owners of legal entities. Legal entities can be used to disguise involvement
in terrorist financing, money laundering, tax evasion, corruption, fraud, and
other financial crimes. Requiring the disclosure of key individuals who own
or control a legal entity (i.e., the beneficial owners) helps law enforcement
investigate and prosecute those crimes. This, in turn, protects all parties and
entities involved in assuring the transaction is not fraudulent or illegitimate.
As such, the following are the documents or proof required of all parties,
individuals, and/or companies to submit in order for our firm to effectively
and efficiently provide Paymaster Services:
1. A copy of valid driver’s license, identity card and/or passport; 2. Complete
IRS form W-9 for U.S. citizens or companies; 3. Completed IRS form W-8BEN
for foreign individuals or companies; 4. Copy of all transactional documents,
including payment agreements; and, 5. Other forms related to thorough due diligence and “Know Your Client” processes.
Masud & Co., PC, gives you the opportunity to work with a lawyer who has
experience implementing funds movement and payment strategies for a
variety of clients with both domestic and international needs. For a
consultation, email us or call 305-358-5000 for our Miami office or 617-720-
1100 for our Boston office