Posts Tagged ‘client verification’
26.04.11 Thousands of UK passports ‘thrown out with rubbish’
[caption id="attachment_457" align="alignleft" width="304" caption="UK Passport"][/caption] Some 10,000 passports a year are probably thrown in bins, says the UK's Identity and Passport Service (IPS). Launching a campaign urging people to keep passports safe, it warns the same number are lost ...
20.01.11 UK identity cards can no longer be used to confirm identity under MLR
Under the Money Laundering Regulations businesses need to carry out customer due diligence on their customers. This involves asking to see documentary evidence of a customer's identity. Since November 2008 the UK Borders Agency (UKBA) has issued an ID card to migrants from countries outside the European Economic Area (EEA). From ...
03.08.09 Identity fraud soars in 2009
New Cifas stats paint bleak picture for the UK's financial institutions and card companies. Identity fraud surged by nearly three quarters in the first half of the year, driven by continued malicious online activity, and the economic slowdown, according to new figures from UK fraud prevention service Cifas. The organisation was set ...
22.04.09 MLR – acting for family members
If you have known somebody as a close relative for 40 years do you still need to ID him before accepting instructions? AccountingWEB.co.uk 22-Apr-2009 Common sense approach This post assumes that you are acting for your friends and relatives’ by the way of businesses and not in just a ‘family’ capacity which was ...
Ongoing Monitoring – What are the practical implementations for existing clients?
Do the requirements to carry out ongoing monitoring of customer due diligence measures and client’s business relationships mean that you must obtain a passport and utility bill from your existing clients or that you must investigate all the business affairs of your clients? For many existing clients which date from 1 ...
FSA fines firm and MLRO for money laundering controls failings
FSA fines firm and MLRO for money laundering controls failings The Financial Services Authority (FSA) has today fined Sindicatum Holdings Limited (SHL) £49,000 and its money laundering reporting officer (MLRO), Michael Wheelhouse, £17,500 for not having adequate anti-money laundering systems and controls in place for verifying and recording clients’ identities. This ...
financial criminals and disqualified directors in UK Companies House Register
World-Check exposes terrorists, financial criminals and disqualified directors in UK Companies House Register World-Check, in partnership with data quality specialist Datanomic, recently embarked on a project to screen the UK’s Companies House register of companies, company directors and secretaries against World-Check's global database of high risk individuals and organisations. The underlying aim ...
