As key players in the financial system, accountants are required to conduct Anti-Money Laundering (AML) checks to do their part to uphold and protect the law.

 

AML compliance checks are required under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 in an effort to fight fraud and money laundering.

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What is required

Upon purchasing our services, we will ask for two forms of identification for anyone named as a director, secretary, shareholder or PSC. If the individual purchasing the services is not a named officer, they will also need to provide identification.

 

Every individual will need to provide photographic ID and proof of residential address. Two forms of identification must be provided, for example, a driver’s license cannot be used for both photographic ID and proof of address. Documents must be no older than 3 months and contain your current address and not be expired.

 

A full list of accepted documents can be provided upon request.

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How do I provide my ID?

 

UK Residents:

You will be provided with a secure Dropbox link to upload two forms of identification. Our AML team will complete an online verification check via CreditSafe and confirm that the identity check has been successfully completed or request further information if required.

 

International Residents:

You will be sent a secure link from CreditSafe via email and SMS. Upon receipt of the link, you can take a live selfie and upload both forms of identification. Our AML team will review your documents and confirm that the identity check has been successfully completed or request further information if required.

 

We may also require you to send certified copies of your passport and proof of residential address. These documents should be certified by a qualified accountant, lawyer or notary. Documents not in the English language should be accompanied by a certified translation. The certifier should provide their name and contact details so that we can verify the authenticity of the certification.

 

If you or any named persons fail to provide acceptable forms of ID, or we are unable to verify your identity, we will be unable to provide services to you. Any services purchased will be refunded to you.

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Do I need to update my ID?

Your ID will be checked on an annual basis, and we will contact you to request updated ID should any be out of date.

 

Please notify us immediately if you change residential address or your name, to allow us to update your ID and advise you on any necessary company updates to remain compliant.

 

Any questions?

If you have any questions regarding the AML check or the documentation required, please contact our friendly team today.