Money laundering - identity checks

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
I have been asked to do the Ltd Co accounts and CT600 for a very small ltd co.

It is run by two women - one who lives close to me and the other director is the other side of the country.

Do I need a copy of passport/utility bill for the director that I have not(and will never) meet? If so, how do I know it is her?

Also just to complicate matters, they are both directors in their maiden names - problem?

(Nothing nasty going on by using maiden names, but a commercial decision that I know all about :D )

Personally, I feel that just "laundering" the director that I am dealing with is enough - anyone else feel different?

Claudia

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

    The money laundering regulations state that you must verify all parties

    e.g. Certifivate of incorportion of the Ltd Company
    Passport of all directors.

    As you are unlikely to meet the other director, I normally ask the person concerned to get a suitably qualifies person to witness their photocopy of their passport and then send it to you

    e.g. Bank manager, accountant, solicitor

    Just as a side note, I would prepare a directors meeting stating that you are to act, and ask both directors and the company secretary to sign.

    This will get round the case that you do all the work, finish the accounts etc and then when you present your invoice the other director objects and says she was not aware you were appointed, and she wanted to appoint one of her contacts !

    Any further help.... ask

    Robin Stride FMAAT Membership F412

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