From 1 July 2018, all law firms must comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
The Act requires us to assess the money laundering and terrorist financing risk we may face in our business. This means we have to carry out an assessment on our clients.
As part of the due diligence we have to carry out, we must collect information about our clients including photo identification and a bank statement or utility bill showing our clients’ address and in some cases evidence of the source of funds.
We may already hold information about you but it is likely that when we next act for you we will ask you for updated information before we can proceed with your instructions.
If you would like to discuss this or require any further information please contact us.