Anti Money Laundering
We are required to comply with Isle of Man anti-money laundering legislation. This obliges us to obtain certain information from you. We are required to verify your identity. We are also required to verify the source of any funds, and source of wealth, used to complete any transaction. This may include a credit screen check.
In agreeing to our Terms of Engagement, you authorise us to take all steps to comply with applicable anti-money laundering legislation.
We enclose our standard Identification Questionnaire. Please complete this, and return it to us. Please also send us the following:-
(1) 1 ‘certified copy’ (see below) of your passport OR driving licence (you may provide the certified copy, or give us the original);
(2) 1 ‘certified copy’ of: a mortgage / bank / credit card statement OR utility bill (in each case, dated within the past 6 months, and showing your current residential address); and
(3) confirmation of the source of funds, and source of wealth, used to complete any transaction.
Any passport/driving licence photocopy must be legible and show a clear photograph. Photocopies must be certified by a suitable person (e.g. a lawyer, accountant, senior civil servant, licensed banker, police officer). The name, profession, address, and signature of the certifier should appear on the photocopy, with the following words:-
“I [name] [occupation] of [address] certify that this is a true copy of the original which I have seen and that the photograph is a true likeness of [person].”
- If you are a company, the above information will be required in respect of two directors and the beneficial owner.
- If you are a professional firm, the above information will be required additionally in respect of your underlying client.
Please provide this information to us within two weeks of receipt of our Terms of Engagement. If we do not receive the requested information we may have to stop working on your file until you provide it to us.
We are under our Terms of Engagement obliged to keep your affairs confidential. However, we may be required by statute to make a disclosure to the Isle of Man Financial Crime Unit where we know or suspect that a transaction may involve money laundering or terrorist financing. If we make a disclosure in relation to your matter, we may not be able to tell you that a disclosure has been made. We may have to stop working on your matter for a period of time and may not be able to tell you why.