Money laundering

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
Hi,

Does anyone know of a reliable source for information about what is required under the money laundering act? For example, I know I need to obtain client's ID and proof of address, but what if I never meet the client because they live too far away? Should I find someone in their area who can identify they are who they say they are? Or is it OK just to have the ID sent to me?

Sue

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Money laundering

    There is helpful stuff on this site about what you need. If it is someone who you have never met then they need to get someone to certify a copy of their passport/driving licence. I recently had to be "laundered" by a firm of stockbrokers and i went into my bank and they certified that the picture really was me
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Money laundering

    Sue

    The link is:

    http://www.aat.org.uk/members/display/store4/item46/

    This has various bits of guidance including money laundering.

    Hope it helps.
    Tony
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Money laundering

    Hi Sue.

    Are you asking about the Money Laundering Regulations or the Proceeds of Crime Act?

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Money laundering

    What’s the difference and is there a need differentiate from the two for ID purposes...

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