Anti-Money Laundering Act (AML)
From 1 October 2018 we will be required to obtain more information from you. This is part of the
Anti-Money Laundering and Countering Financing of Terrorism Act 2008 (AML/CFT).
The purpose of this Act is to prevent money laundering or the financing of any terrorism. By
requiring more information from you, we have more knowledge about the transactions we are
undertaking on your behalf, and are able to ensure that we are not in breach of our requirements
under the Act. If we have any suspicions we have an obligation to report this.
When we meet with you to discuss new financial matters we may require what is called "customer
due diligence" (CDD) from you.
Proof of your identity and date of birth – such as passport, firearms licence, driver licence or birth certificate.
Proof of your address – such as a recent utilities bill or bank statement.
|Company or Trust
Same as above but we will require further information about other people involved in the company or Trust like the details of people who are Directors, Shareholders, Trustees or Beneficiaries.
We may also ask questions about the source of the money, and the reason for the proposed work you are asking us to do.
We will be required to have the above information before we can carry out any work for you,
and if you cannot provide this for us then we will be unable to complete this work.
If you have any questions about these changes, feel free to contact one of the team at Ford