Client Identification – UK Companies The Money Laundering Regulations 2007 oblige solicitors and other professionals to obtain satisfactory evidence of their client’s identity. To enable us to comply with our due diligence requirements under the Regulations we respectfully request that you provide us with the appropriate forms of ID as set out below. If the Company is regulated If the company is listed on a regulated market or is a regulated entity, you do not need to provide us with any identity documents as listed below. Instead we simply need details of the regulatory body and their professional directory. If the Company is not on a regulated market or not a regulated entity, we require all of the following
A copy of the Certificate of Incorporation
Memorandum and Articles of Association
A list of the Directors and Shareholders of the company with their names and home addresses (normally contained within the Annual Return)
The three items above are normally filed at Companies House and are available to the public.
ID for at least two directors (unless a sole director) as set out below
ID for any person or corporate entity holding over 25% shares in the company as set out below*
*If a corporate entity has a 25% or more controlling interest in the client company, we must receive all of the documents (as above) for that controlling entity and repeat the process until we reach the ultimate beneficial owners and understand the overall corporate structure. If the two Directors and/or any individual(s) holding over 25% shares in the company are regulated professionals If the directors or shareholders are professionals who are regulated by a regulatory body (e.g. SRA, FCA, ICAEW, GMC) then you do not need to provide us with any identity documents as listed below. Instead we simply need details of the regulatory body and their professional directory.
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