AML is short for anti-money laundering, a set of regulations put in place to prevent criminals from laundering money through legitimate businesses.

Companies who deal with the financial management of businesses such as bookkeepers and accountants have to be authorised and regulated by Anti Money Laundering regulations. WeIl are qualified with the ICB and also supervised and regulated by them in order to comply with these regulations.

In order to comply to Anti Money Laundering Regulations we have to ask businesses to prove their identity. This means we have to ask for photographic identification for every person with significant control in the business. We will ask for 2 types of identification such as a passport or driving licence and proof of address such as a utility bill or bank statement, these documents must be dated within the last 3 months and the photographic identification must of course be in date.

Under these regulations we have to keep this information on record and run an AML check on each individual to confirm that they are not a 'High Risk' client. We need to run these checks every year, so please don't worry when you receive a request from us, it's just formality.

Asking for these documents from new and existing clients helps us to comply with AML regulations and prevent criminals from laundering money through our business. This can seem like an inconvenience, but it's actually a necessary step in preventing criminal activity.

We hope that clarifies the reason behind asking for personal information and of course you can be sure that we keep your data safe and password protected to comply with GDPR.



If you have any questions please get in touch.