Anti-Money Laundering

As part of the Money Laundering Regulations 2017 we have to obtain and hold identification and proof of address for all customers. The transactions that we deal with day in day are deemed as high risk for money laundering which is why we take our Anti-Money Laundering processes seriously.

As part of our due diligence we have to obtain and hold identification and proof of address for all customers. We also establish whether there are any beneficial owners on whose behalf the transaction or activity is taking place. If necessary, we also need to identify the source or destination of funds.

Please see below for a full list of acceptable identity documents.  Please note we will require sight of all original or certified documents.  If you are providing certified copies, these should be certified by a bank, financial institution, solicitor or a person from a regulated industry or who is in a position of trust, such as a medical professional.  For documents certified outside of the United Kingdom the ID must be certified by someone who can be verified themselves online e.g. a solicitor.  In all instances, the certification must contain a statement confirming that ‘the document has been certified to be a true copy of the original and that the image is a true likeness of the person to whom it belongs’.  The certifier must use an official stamp indicating their professional status and provide their address and telephone number.  Finally, the certifier must print their name and sign and date each document.  If you are unable to meet the Identity requirements detailed below, or if you have any questions about our Anti-Money Laundering policy, contact your local branch who will be happy to help.

Individual identity documents

We require one document from List A and one document from List B.

List A - Identity Document

Current, valid signed passport

Valid UK or EEA (European Economic Area) driving licence

National Identity Card

UK Border Agency Identity Card

Firearms certificate or Shotgun certificate

Identity card issued by the Electoral Office for Northern Ireland

EEA member state identity card

HMRC Registration Card CI24 for those who are employed in the Construction industry

List B – Proof of address

UK/EU/EEA Drivers Licence (if not being used as ID)
Must be valid, not expired. Full or provisional.

Valid old style full driving license

Must be valid, not expired.

National Identity Card (if not being used as ID)

Must be valid, not expired.

Bank, Building Society or Credit Union Statement
Dated with 3 months. Must include account number and show recent activity. This includes mortgage statements. No general correspondence.

Credit Card Statement
Dated within 3 months. Must include account number and show recent activity. No general correspondence.

UK, EU, EEA Mortgage statement
Dated within 12 months. Must show account number. No general correspondence.

Utility Bill
Dated within 6 months E.g. Gas, electricity, water. Must show address for service and/or account number. This does not include store card bills. No general correspondence.

Telephone Bill
Dated within 6 months. Must show address for service and/or account number. This does not include mobile phone bills. No general correspondence.

Council Tax Bill
Dated within 12 months. Must show address for service and/or account number. No general correspondence.

Universal Credit/ Benefits Entitlement Letter
Dated within 12 months. Issued by DWP or Jobcentre plus. Must confirm benefit payable at 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. This does not include a P60 or P45.

UK solicitors letter confirming house purchase/land registration
Dated with 3 months. Must state full name of new proprietor and full property address.

Official confirmation of Electoral Register entry or official poll card
Dated within 12 months. Must state full name and full address. No general correspondence.

Instrument of a court appointment (liquidator or grant of probate)

A home visit by an Estate Agent

To the address stated on the file. No longer than 6 months before the date of submission.

Power of Attorney

If acting under a Power of Attorney we require the following:

  • Full Power of Attorney document, validated by the Office of the Public Guardian
  • Individual identity evidence from List A and B for both the donor(s) and attorney(s)

Deceased Proprietors

If the deceased proprietor is not the only beneficial owner, we are required to establish how the property was owned and by whom. A solicitor will be able to confirm this and it is noted on the land registry title deeds.

  • If the proprietors owned the property as Joint Tenants, the surviving proprietor(s) assume full ownership; we need to confirm that the proprietor is deceased, by the provision of a death certificate
  • If the proprietors owned the property as Tenants in Common, the deceased’s share may not have passed to the surviving proprietor(s). In this instance we will need to follow the Probate section of this policy

Probate

If you are acting as a Representative of an Estate we require the following:

  • Death Certificate
  • Will
  • Confirmation of executors from the probate solicitors (if applicable)
  • Grant of probate (if a will was left) OR Letters of administration (if no will left)
  • Individual identity evidence from List A & B for the Personal Representative(s), either executor or administrator

Limited company

If you are acting as a Representative of a UK Company we will also require the following:

  • Certificate 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 individuals 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 above for the holding company
  • Nominee director declaration and/or general Power of Attorney (if applicable)
  • Individual identity evidence from List A and B for all individuals or entities with 25% or more of the shares or voting rights in the company

Trust

If you are acting as a Representative of a Trust we require the following:

  • Trust deed (including a list of trustees and their powers)
  • List of trustees
  • List of beneficiaries
  • Individual Identity evidence from List A & B for all individuals with a vest interest in 25% or more of the capital and/or those who exercise control over the Trust, or
  • Confirmation from a solicitor stating the list of trustees that have the power to buy/ sell property
  • Individual Identity evidence from List A & B for all individuals with a vest interest in 25% or more of the capital and/or those who exercise control over the Trust

Beneficial Ownership of Land/Property

When dealing with the sale/purchase or rental of land/property we require:

  • Land Registry (Register), or
  • Confirmation from solicitor that they have checked title and can confirm the beneficial owners, or
  • TR1 signed by all parties for a pending application of transfer
  • Title Deeds
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