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Money Laundering Solutions
Customer
Identification
Like all accountants (in common with solicitors, banks, etc.), Jackson
& Jackson are required to comply with the various requirements of the
Money Laundering Regulations 2007, Proceeds of Crime Act 2002, The
Terrorism Act 2000. In order to comply, we need to obtain evidence of your identity
and your address. By
providing this information to us, you are helping us to guard against
financial crime as much as we possibly can. The information makes it
harder for criminals to use false or stolen identities to access the
financial system.
We assure you that we are only following those procedures that are essential to comply with the law. Please note that we are by law unable to carry out any work for you until the procedures are carried out satisfactorily. We may also need to obtain further evidence during the course of our engagement, from time to time.
All clients are required to comply with these regulations - by asking for such evidence, we are not suspecting you of money laundering.
We now offer three ways of providing this evidence:
Method One - Attendance at our office
You will need to attend, by appointment, during office hours, and bring originals from the list of acceptable documents, which can be found here. We will copy and certify. This procedure will take no more than 15 minutes of your time. There is no charge for this service.
Method Two - Certification by authorised person
You will need to provide certified copies of documents. The list of persons authorised to certify the documents, and the list of acceptable documents, can be found here. Please note that, should any documents not fully comply with the conditions, they will be returned by us, which will cause delays. In addition, some certifiers make a charge.
Method Three - Electronic verification
You will need to complete a simple form and send to us. We will process the verification process using an online system, operating Experian Authenticate. This process will minimise delays in obtaining evidence, and you will not be required to show original documents, nor obtain certification. We make a nominal charge for this service. The required form can be found here.
Suspicion of reportable
activities
We assume that our clients
are honest and law abiding. However, if at any time, there appear
to be grounds to suspect (even if we do not actually suspect)
that your instructions relate to ‘criminal property’, we are obliged to
make a report to the National Criminal Intelligence Service (“NCIS”),
but we are prohibited from telling you that we have done so.
In such circumstances, we must not act on your instructions without consent from NCIS. If NCIS do not refuse consent within 7 working days we may continue to act. If NCIS issue a refusal within that time, we must not act for a further 31 days from the date of the refusal.
‘Criminal property’ is property in any legal form, whether money, real property, rights or any benefit derived from criminal activity. It does not matter who carried out the criminal activity or how removed the property is from the original crime. Even if you are honest in your dealings, if your property represents a benefit from someone else’s crime, we must still make a report.
Activity is considered ‘criminal’ if it is a crime under UK law, no matter how trivial, and whether carried out in the UK or abroad. For example, tax evasion is a criminal offence, but an honest mistake is not.
forms
