Eastern Point's experience and Confidential QSF platform represent an innovative approach to confidential settlement administration. Whether setting up a single or multi-year funding and payment arrangement, the process is straightforward and can be customized to your needs. The platform offers:
The Confidential QSF employs an all-inclusive strategy for all parties involved to safeguard sensitive and personal information, enhance privacy and confidentiality measures, protect the accused and accusers, and promote a fair, impartial, and confidential process.
Allegation Confidentiality: Maintaining confidentiality regarding the allegations that led to the settlement is essential for safeguarding the interests of all parties involved. This approach helps mitigate potential reputational harm and minimizes the risk of unwarranted public scrutiny.
Identity Safeguarding: Defendants and claimants are granted complete anonymity, shielding them from media scrutiny, investor interest, and potential social, political, or marital consequences.
Settlement Terms Protection: The specific accusations and settlement terms, including financial details and conditional ongoing performance agreements, are securely guarded from unauthorized access or disclosure.
Anonymous Transfers: The defendants (accused) can transfer funds into a Confidential QSF and remain anonymous without public disclosures.
No Public Government or Court Filings: No public government or Court filings disclosing any party’s name are required. (Note: when applicable, taxed distributions may require filing a 1099 with the IRS with the payee’s identity).
Controlled Information Access: Unlike large financial institutions where untold people have access to information, Confidential QSF’s foundational design restricts access to a small dedicated core team of trusted professionals bound by non-disclosure agreements. Multi-factor controls prevent any unauthorized staff access to the system’s data.
No Identifiable Bank Accounts or Transactions: No funds are held in any bank account labeled an identifiable name or identity, and transactions are at the trust level, ensuring privacy.
Private Communications Options: Beyond encryption, private and secure communication procedures ensure that electronic interceptions, tracking, or discovery enroute are prevented.
Industry-leading Privacy Policies: Privacy protection terms, policies, and procedures protect clients’ information from demands, attempted subpoenas, or inquiries from non-parties, including spouses, business partners, and the press.
FOIA Proof: No data related to the parties’ identity or the allegations is available or subject to any FOIA request.
Eastern Point Trust Company’s platform and process include an end-to-end confidentially solution that provides robust and sophisticated mechanisms to enforce vigorous privacy integrity, performance, and non-disclosure provisions, including:
Digital Tracking: Secure and encrypted digital tools monitor and track access to settlement information, creating an audit trail that helps prevent potential breaches.
Legal Integration: The platform integrates smoothly with legal frameworks, providing a solid basis for enforcing compliance and performance with non-disclosure agreements when necessary.
Customizable Access Controls: Granular permission settings allow for precise control over who can access what information, ensuring that even within the settlement administration process, confidentiality is maintained only on a need-to-know basis and by senior officers. This level of control empowers you to manage the information securely and confidently.
Multiple-Party Verification Protection: Multiple-party authorization and verification options have existed since the original inception and launch of QSF 360. The Confidential QSF platform supports multiple approving parties for each distribution petition.
