Money Laundering Regulations 2007
Know your Client/Identity Checks
In common with all professional practices and financial institutions, we are required to obtain verification of your identity and address to comply with the Money Laundering and other Regulations.
You will be required to provide this information, which we will need to check, before we are able to proceed with your matter. For most people this will mean sending us a current passport or photographic driving licence, verification of your address (recent utility bill, bank statement, phone bill (not mobile) or Forces Photo Identity Card) and date of birth. As part of the verification process we may use electronic reference agencies to search sources of information relating to you.
The Regulations also require us to identify beneficial owners and company shareholders, as follows:
Limited Companies:
Evidence of identity and address of at least two directors; names and addresses of shareholders, and confirmation of voting rights.
Partnerships:
List of all partners; evidence of identity and address of at least two partners; copy of current partnership deed, confirmation of voting rights and who owns the equity.
Trust:
list of all trustees; evidence of identity and address of at least two trustees; copy of document establishing the trust and appointing trustees; list of beneficiaries of the trust, with confirmation of their share of the equity.
There may be occasions when we will require further information and evidence of identity depending on the circumstances.
In order to minimise any delay caused by the need to comply with these Regulations, please ensure we have the required documents and information as soon as possible. If you have difficulty producing these then please let us know immediately. We do need you to produce them now or within a reasonable time if we are to continue acting.
Solicitors in Braintree, Witham, Maldon, Colchester, Wickford, Burnham-on-Crouch and Chelmsford
