Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How can a business ensure that the escrow agent is complying with all relevant tax laws and regulations?

When using a digital escrow system like Castler, a business can ensure that the escrow agent is complying with all relevant tax laws and regulations by verifying the agent’s credentials and reputation. The business can research the agent’s background and check if they are registered with the appropriate regulatory bodies. Additionally, the business can request documentation from the agent that proves their compliance with tax laws and regulations. This documentation may include tax identification numbers, tax returns, and other relevant documents. The business can also monitor the agent’s activities and transactions to ensure that they are following all applicable laws and regulations. By using a reputable digital escrow system and taking these steps to verify the agent’s compliance, a business can protect itself from potential legal and financial risks.