Money Laundering Policy

In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and the Proceeds of Crime Act 2002, we are subject to strict legal and regulatory obligations designed to prevent money laundering and the financing of terrorism.

Client Due Diligence

We are required to verify the identity of all clients and, where applicable, any ultimate beneficial owners. Verification may include examination of original identification documents and the use of approved third-party verification services. We are unable to act if satisfactory evidence of identity is not provided.

Ongoing Monitoring

We are obliged to conduct ongoing monitoring of clients and matters. This may include periodic requests for updated identification documents and further enquiries to ensure compliance with our regulatory duties.

Source of Funds and Wealth

We are required to obtain information regarding the source of funds and, where appropriate, the source of wealth used in any transaction. We may not proceed until this information has been satisfactorily established.

Reporting Obligations

Where we have knowledge or suspicion of money laundering or the proceeds of crime, we are legally required to make a disclosure to the National Crime Agency (NCA) or other relevant authority. We are prohibited by law from informing you if such a report is made.

Confidentiality

Our statutory reporting obligations override any duty of confidentiality owed to clients.