Frequently Asked Questions

It can be a company or individual duly registered with the Financial Intelligence Unit (UIF) that complies with all national and international regulations on AML.

A custody contract is an agreement between the parties involved in a transaction that defines the terms and conditions for the use of the funds held in custody by the designated custody agent.

The requirements are as follows: standard KYC documents (Know Your Customer form, identity documents, proof of address and proof of legal origin of funds, etc.)

A disbursement letter or closing statement (CS) is a direct instruction from the parties regarding when, where, how, and to whom the funds held in escrow should be disbursed. It details the intended use of the transaction funds.

The custodian can only release funds according to the terms established by the parties involved in the custody agreement. For example, this could be at closing, upon execution of the deed of transfer and signing of the Disbursement Letters. Once closing takes place, the custodian processes the disbursements. Local transfers are processed immediately (via Transfer365 or UNI Transfer), while international transfers may take 24-48 hours depending on the destination.

The custodian will disburse the funds as stipulated in the contract. Therefore, it is essential to provide precise instructions when drafting the contract clause. If the instructions are not sufficiently clear, the custodian may deposit the funds in court or withhold them until the dispute is resolved through the appropriate legal channels.

Yes, it is possible, especially useful when both the seller and the buyer are American and have bank accounts in the US.

Stratos is not a company dedicated to raising funds from the public nor an investment manager, since its operations and business model focus on temporarily holding funds for different real estate transactions, mergers & acquisitions among others, and does not raise deposits, issue retail debt or conduct savings campaigns aimed at the general public.