Anti Money Laundering
Important information for clients and prospective clients
We take our responsibilities regarding Anti Money Laundering, including financing terrorist activity and tax evasion seriously. Our policy has implications for both existing and potential clients. We will not act for anyone where we have concerns about their identity or if we have concerns about the transactions that they are associated with. For most people our duties under the law will not present a problem and although some may think that we are unnecessarily cautious please be aware that we are only fulfilling our obligations under the law, protecting the integrity of our profession and acting in the wider public interest.
Steps we always take before accepting an engagement:
In addition to these basic pre-engagement formalities we will discuss with you your business so that we can understand what you do and what you expect from us. We always consider whether we are competent to deliver the service which is being requested.
Sometimes discussions with prospective clients indicate there are risk factors and in these circumstances we may wish to make further enquiries.
What do we consider constitutes a risk?
What additional enquiries might we make?
We may seek confirmation of relevant qualifications that you hold.
All of these steps and any others we decide to take are so that we comply with the Anti Money Laundering legislation and with Client Due Diligence in accordance with the obligations we have as a member firm of the Institute of Chartered Accountants. We thank you in advance for your understanding and co-operation.