To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, social security number or other taxpayer identification number and in some cases, other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
This disclosure is made pursuant to the Modern Slavery Act 2015 for S&P Escrow for the financial year from 1 January 2023 to 31 December 2023.
S&P Escrow offers specialty administration services to institutional clients, to include corporate administration, trustee, agency, and outsourcing services. S&P Escrow does not consider that these administrative services are in a high-risk category for slavery and human trafficking. That said, S&P Escrow will be looking to investigate other areas in its supply processes for any suspected activity which could be deemed to be "slavery" or "human trafficking" and will update this statement accordingly.
S&P Escrow does however ensure that it undertakes the following:
