A company incorporated in certain offshore jurisdictions, such as Bermuda, to act as a trustee for a limited class or group of trusts. Private trustee companies are generally not permitted to offer trustee services to the public. The Company may use the word "trust" or "trustee" in its name as long as those words are qualified by the word "private".
PRIVATE TRUST COMPANY
Meaning of PRIVATE TRUST COMPANY in English
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012