It is a requirement of Anti-Money Laundering regulations that we (i) identify and verify the identity of our clients before establishing a business relationship; (ii) obtain assurances about the transactions which we are asked to carry out; and (iii) identify the source of funds.
The type of client, its business and geographical location, amongst other things, will dictate the due diligence standard and the sort of documentary evidence we are required to obtain to verify a client’s identity.
In any face to face meeting we first ask to see original documents from two prescribed lists. The first list contains documents to evidence your identity such as passport or drivers licence and the second list contains documents to evidence your residence such as a recent (not older then 3 months) utility bill or bank statement. If these documents are not available for whatever reason, where possible, we will seek the necessary documentation from publicly available sources and databases to which we have subscribed. We call this an Experian check.
In any meeting that is not face-to-face we will undertake an Experian check.
For any non face-to-face meeting where the client is based abroad we require proof of identity and residence as above save that the original documents must be verified by a local lawyer.
Where you have provided your personal information to us for the purpose of Anti-Money Laundering compliance and evidencing to us that we are an appropriate firm to be providing legal services to you, we will only process the information for that purpose.
If we are not able to obtain all the necessary documentation within a reasonable timeframe, we may not be able to act for you.
Last updated: May 2019