Harbour Equity Partners
Harbour Equity Partners has created a list of compliance related procedures due to the extraordinary amount of fraud in these transactions. We have outlined the terms by which our compliance attorney will allow us to transact with sellers in various countries abroad. These terms protect both sides of the transaction and the brokers, and in particular the terms are monitored by our credit facilities that provide the credit lines for us to leverage these transactions. please note all terms below need to be met in order to facilitate a transaction.
- Seller must have a banking relationship that is not on the US OFAC list.
- Product can not be located in a OFAC country.
- Agreements must allow the product to be CIF to JFK or Dallas airport.
- Agreements must reflect no up front fees on product in advance of any delivery.
- Agreements must use our CITI bank blocked funds agreement.
- Agreements can not reflect swift able instruments as collateral.
- Agreements can not use an IMFPA as this document does not work.
- Agreements must reflect T-3 settlements by wire after assay.
- Seller bank info must be reviewed prior to transacting so as we can observe the US patriot act and OFAC laws.
- For a detailed LOX on our Blocked funds please see our link to blocked funds here
Also Note: although we may accept a transaction through a broker, we do not have an official mandate for these transactions and therefore no one is authorized to represent us. Therefore, all sellers will need to discuss with our office directly to prevent any misrepresentation by 3rd parties involved.
For more information please fee free to call contact privateequity@harbourequitypartners.com
If your transaction can meet these requirements email us with your details, we will be receptive to reviewing your SCO-FCO.
Send questions or comments to: Email