Money Laundering Regulations

TERMS AND CONDITIONS

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THE MONEY LAUNDERING REGULATIONS 2007

All company formation agents and company service providers are required by law to be registered under the Money Laundering Regulations 2007 and have a legal duty to carry out due diligence checks before completing any orders. In general we will need to see proof of the identity and proof of address for all people who are to be directors or shareholders or beneficial owners of any companies that we form or provide services for, this will usually take the form of a copy passport and a copy household bill.

Acceptable items for proof of identity are a current passport, HM Forces identity card or driving licence. Acceptable items for proof of address are household bills (gas, electricity, water, telephone, cable TV, satellite TV etc) or a bank statement less than 3 months old. For your security all documents supplied to meet the requirements of the Money Laundering Regulations will be stored on an encrypted hard drive.

Clients who are required by law to carry out their own due diligence checks, such as solicitors or chartered accountants, may choose to request, sign and return our compliance statement rather than supply us with documents for each order.