Why do you need ID Documents for all Directors?
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As a Licensed Accountant with the AAt, we are required to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017). As part of these regulations, we are required to do an Anti-Money Laundering check on all new clients. In the case of limited companies, we will be required to carry out AML checks on all beneficial owners of a business (ie directors and/or shareholders). We will therefore request proof of ID, and proof of address. We will then carry out a more in-depth AML check using a third party provider (Senta) to confirm all details.
All information in relation to our AML policy and processes are detailed in our Letter of Engagement.