Client Due Diligence Information

Through our technology partners, the Bank of London, we are able to open cash deposit accounts where the money is held liquid and unencumbered at the Bank of England.

This means that there is no upper limit to how much we can hold safely, nor does the safety or protection of the money decrease as the amount increases. Funds are protected by incremental layers of being held on bare trust, segregated and safeguarded, and with no underlying bank credit risk.

Unlike almost every single other bank, this cash is not loaned out to other clients to generate a return.  In the most boring and vanilla (yet deeply satisfying) sense, the money simply sits there safely earning more money paid out by the United Kingdom's central bank.

DOS & Co. is the trading name of DOS & Co. Ltd., a company registered in England and Wales with company registration number 08294966. DOS & Co. is a Certified B Corporation that provides legal and financial services to family offices, entrepreneurs and the holders of significant wealth.

DOS & Co. Ltd. is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (FRN: 833374) for the provision of payment services.

Deposits placed through our Cash Deposit Manager are held on bare trust in trust accounts at the Bank of England, via our technology partners The Bank of London, in the client's own name.

DOS & Co. has been trading since 2012 and has been profitable every single year since. The extension of its service provision beyond legal and escrow services into Cash Deposit Manager services is funded by the ongoing profitability of those services.

The DOS & Co. Group currently employs six staff, of which three work on the Cash Deposit Manager service.

DOS & Co. has a business continuity plan which is reviewed annually. The business is based entirely in a secure cloud environment and is able to continue to operate during disasters, emergencies and other business disruptions.

Access to DOS & Co. services and systems is limited for all users. All users are responsible for reporting an incident of unauthorised use or access of the organisation's information systems. DOS & Co. is Cyber Essentials certified. Our client portal systems are air-gapped from our transaction systems and our integrations use bank-level encryption and security technology.

Trust: All money held in a Cash Deposit Manager account is held on bare trust by DOS & Co. and on trust by the Bank of London as well - through these combined layers of trust, the money held at the Bank of England on trust for the client.
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Segregation: All money deposited in a Cash Deposit Manager account is kept separate from DOS & Co.'s own operational funds, but also from all of our other clients' funds.  Each account has its own unique account number and sort code and clients deposit funds into their own accounts.
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Safeguarding: Money deposited in a Cash Deposit Manager account is safeguarded by the Bank of London and stored liquid and unencumbered at the Bank of England on trust in the client's own name.

FSCS: Our technology partner, the Bank of London, is also a bank. This means that the first £85,000 of client funds is protected by the FSCS, where eligible, in the event that the Bank of London becomes insolvent.

Should DOS & Co. become insolvent, any money held is on trust and safeguarded. The money is all held in segregated accounts that any creditors of DOS & Co. cannot access. There is no upper value limit to the protection through safeguarding. In the unlikely event this were to happen, although the funds would be safe, there may be a delay in returning money to the client and fixed-term deposits will generally be held to maturity.