Bank Cainvest offers private banking services to Non-US clients only. Accounts in the Bank Cainvest may not be opened by, or transferred to, any U.S. Person (as defined below). We reserve the right to close any accounts if our compliance team qualifies the beneficiaries to be a US Person.
"U.S. Person" refers to:
(a) any natural person who is a resident or citizen of the United States;
(b) any partnership or corporation organized or incorporated under the laws of the United States or a state of the United States;
(c) any estate of which any executor or administrator is a U.S. Person as defined in sub-paragraphs (a) and (b) herein;
(d) any trust of which a trustee is a U.S. Person as defined in sub-paragraphs (a) and (b) herein;
(e) any agency or branch of a foreign entity located in the United States;
(f) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person;
(g) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or if an individual, resident in the United States; or
(h) any partnership or corporation if (i) organized or incorporated under the laws of any foreign jurisdiction and (ii) formed by a U.S. Person principally for the purpose of investing in securities not registered under the United States Securities Act of 1933, as amended ("Securities Act"), unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts (whenever such term is used in this document it shall have the meaning given in Regulation S).
It is the responsibility of each prospective client to verify that his or her account in Bank Cainvest is in compliance with all relevant laws of the prospective client’s jurisdiction of residence.