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  MORE DUE DILIGENCEAs the offshore world changed and regulations tightened it was inevitable that the original and beautifully simple concept of getco-offshore would become more complex. The blanket due diligence undertaking you give us enabled the whole transaction to be completed on-line. Now, though, four jurisdictions - Bahamas, St Lucia, Gibraltar and Mauritius - require us to obtain individual due diligence for each beneficial owner. This will come as no surprise to most practitioners, to whom the whole business of ‘Know Your Client’ has become second nature. |