ANTI MONEY LAUNDERING REGULATIONS
Money Laundering Regulations 2017
CTSF Ltd is subject to the Money Laundering Regulations 2017. This means, as part of our compliance and due diligence, we require identification and proof of address for all our clients and customers.
We are also required to establish if there are additional beneficial owners on whose behalf the transaction or activity relating to a property is taking place. Therefore, we will need to obtain proof of identity and address.
In addition to this, the source or the destination of the funds relating to the transaction may also be requested.
Below is a list of acceptable identity documents. We require sight of all original or certified documents. Subject to your individual circumstance, CTSF Ltd may liaise with you for further/other documentation.
All Clients entering into a Business Relationship with CTSF Ltd, will be subject to an Anti-Money Laundering (AML) check with Veriphy Ltd.
INDIVIDUAL IDENTITY DOCUMENTS
We will require one document from List A and one recent document from List B dated within the past 3 months.
LIST A - IDENTITY DOCUMENT
Current signed passport
Valid UK driving license
EEA member state identity care
LIST B - PROOF OF ADDRESS
Utility Bill
Dated within 6 months E.g. Gas, electricity, water. Must show address for service and/or account number. No general correspondence.
Telephone Bill
Dated within 6 months E.g. Landline or mobile pay monthly (excluding pay as you go). Must show address for service and/or account number. No general correspondence.
Council Tax
Dated within 12 months. Must show address for service and/or account number. No general correspondence.
Tenancy Agreement
Dated with 12 months. Must state full name and full property address. Issued by a local council, housing association, solicitor or reputable letting agent.
Benefits Entitlement Letter
Dated within 12 months. Issued by DWP or Jobcentre plus. Must confirm benefit payable at the time of issue. E.g. Pension, disability, single parent, housing etc.
HMRC Tax Notification
Dated with 6 months. Must state national insurance number and tax calculation. No general correspondence.
Home or Motor Insurance Certificate
Dated within 12 months. Must state insured address or registered address for vehicle and policy number. No general correspondence.
UK solicitors letter confirming house purchase/land registration
Dated with 3 months. Must state the full name of the new proprietor and full property address.
NHS Medical Card or letter from GP confirming registration
Dated within 3 months. Must state the individual’s date of birth and NHS number. No general correspondence.
Official confirmation of Electoral Register entry or official poll card
Dated within 12 months. Must state full name and full address. No general correspondence.
Police Registration Certificate
Dated within 12 months. Must state the full residential address of the individual.
PROBATE
If you are acting as a Representative of an Estate, we require the following:
Grant of Probate (if a will was left)
Letter of administration (if no will was left)
Individual identity evidence from List A & B for the Personal Representative, either executor or administrator Limited company
LIMITED COMPANY
If you are acting as a Representative of a UK Company, we will also require the following:
Certification of Incorporation
Articles of Association
Memorandum of Association
Latest Annual Return or Confirmation Statement, with details of current company officers
If offshore, nominee director declaration and a general power of attorney
individual identity evidence from List A and B for all individually or entities with 25% or more of the shares or voting rights in the company
If you are acting as a Representative of an Offshore Company, we will also require the following:
Certificate of Incorporation
Articles of Association, Memorandum of Association, Latest Annual Return with details of current company officers, Share Certificate(s) showing the Ultimate Beneficial Owner OR Certificate of Incumbency
If the shares are owned by another company, repeat steps for the holding company
Nominee director declaration and/or general Power of Attorney (if applicable)
Individual identity evidence from List A or B for all individuals or entities with 25% or more of the shares or voting rights of the company
TRUST
If you are acting as a Representative of a Trust, we require the following:
Trust Deed
List of trustees
List of beneficiaries
Individual Identity evidence from List A & B for all individuals with a vested interest in 25% or more of the capital and/or those exercise control over the Trust