The Money Laundering and the Proceeds of Crime Act 2002 [and Regulations 2003] impose a duty on all firms of Solicitors to report any SUSPECTED cases of MONEY LAUNDERING to NCIS [National Criminal Intelligence Service]. It is a criminal offence not to do so.
Therefore, we are Carter Read & Dove, Solicitors, have created a strict POLICY for the benefit of ourselves and our clients.
Part 1 - Receipt of client's money
- Personal Cheques in EXCESS of £8,000 drawn on your own bank account will only be accepted, with written evidence from your bank as to the source of those funds.
- Funds in EXCESS of £8,000 [other than Personal Cheques as above] will only be accepted by the firm by the following means:
- By BACS payment direct from your own bank account to the firm's client account;
- By TELEGRAPHIC TRANSFER direct from your own bank account to the firm's client account;
- By BANKER'S DRAFT
- By pre-printed BUILDING SOCIETY CHEQUE
- CASH payments up to £500 will be accepted no later than 2pm on the day of payment.
NON-COMPLIANCE with OUR POLICY will lead to a report being made to NCIS if we have reason to suspect MONEY LAUNDERING - It is the LAW.
Part 2 - Requirements relating to proof of identity and address
We are required to positively identify every client, including established clients, in accordance with the POLICY. In order to achieve this, please either bring into the office or post to us immediately the following original documents [posted documents will be returned forthwith by 1st class mail unless otherwise agreed]:
- A valid full passport; or
- A valid HM Forces identity card with the signatory's photograph.
Together with any two [for each of you] of the following:
- A cheque guarantee card, credit card [Mastercard or Visa], American Express, Diners Club card, debit or multi-functional card [Delta or Switch] issued in the UK together with an original account statement less than three months old;
- A receipted utility bill less than three months old;
- A council tax bill less than three months old;
- A council rent book showing the rent paid for the last three months;
- A mortgage statement for the mortgage accounting year just ended;
- A firearm and shotgun licence.
Please note that driving licences are generally not accepted as proof of identification. If you are not able to supply sufficient identification in accordance with this list, please contact us.
