An escrow agent acts as an independent third party between a buyer and a seller. It holds the money, assets and/or documents the buyer has paid for an item until both the buyer and seller are satisfied that ownership of that item has transferred successfully to the buyer.
Escrow services mainly used to mitigate financial risk, critically important when closing transactions, especially when one or more parties are located in different jurisdictions.
Types of risk usually covered:
Acting as an independent third party, our affiliate fiduciary company AMG ETHOSTRUST LTD will make the necessary arrangements to hold assets in escrow and disburse them only when a predetermined condition is met.