Identity Verification
As mentioned in our terms of engagement, we are required by law to obtain satisfactory evidence of the identity of every client. As solicitors we deal with money and property on behalf of clients every day. Because of this we may be the target of money launderers. These are criminals who wish to pass money earned through illegitimate means through a legitimate system such as the property market. Once money has been laundered there is less chance that it will be traced back to criminal activity.
Private Individuals
We are required to verify that you are who you say you are and that you live where you say you live. We also conduct enhanced due diligence checks by electronic means and other appropriate methods to confirm information relating to your identity and, if appropriate, the source of funds being used for any property purchase
- Thirdfort – We have partnered with Thirdfort to make this process efficient, timely and secure. Thirdfort is an FCA regulated business that uses cutting edge ID Verification technology and bank level encryption to allow you to complete the ID verification process using your smartphone.
In some circumstances Thirdfort will not be available and in which case we require a copy of the following for verification
- Photo Identification – e.g. Full signed passport, Full UK/EU driving licence
- Proof of address – e.g. Utility bill, council tax bill, current bank statement
N.B. Please note that the proof address must be dated within the last 3 months
Partnerships
Partnerships will usually be treated in the same way as private individuals and as such we will require photo identification and proof of address from each partner.
Private Limited Companies and LLPs
Where we are instructed by a private limited company or a LLP we are required to establish ultimate beneficial ownership and verify the following:
- Company name and number
- Registered office and business address
- Identification from all the officers of the company, Persons with significant control and owners as per private individuals
In order for us to verify your company it will be useful for us to have sight of and take copies of the following documents:
- memorandum and articles of association
- certificate of incorporation
- recent published accounts
