The Trust Companies Survey – Navigating Troubled Waters

Our comprehensive poll of trust firms boasts quantitative analysis on key areas including cybersecurity, AML and regulatory compliance.

Between November 2019 and January 2020, we conducted a survey of trust companies. We asked trust companies of different sizes, from a variety of onshore and offshore jurisdictions, with different ownership structures, questions about the most significant risk and compliance issues they face. The survey comprised 18 questions, with a randomised order of possible answers wherever this was feasible to increase the integrity of the responses.

We have collated our analyses of the results of the survey into a printable PDF report. The report covers various threats to trust companies, which our respondents deemed to be the most pertinent to their businesses. These include:

• Anti-Money Laundering (AML)
• Beneficiary disputes
• Cybersecurity
• Data protection
• Regulatory compliance
• Reputational risks
• Tax compliance
• Wider threats to trust companies