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  • Bennetts Proactive newsdesk

  • Anti-Money Laundering (AML) requirements

    We are currently working with all our clients to gather the required information needed to satisfy the AML legislation which came into effect 1 October 2018.

    You will be required to bring identification and proof of address documentation to the office, either as requested or at your annual Financial Statement meeting.  To save you time and money please take some time to prepare this beforehand to ensure you have the right documentation. We will provide a detailed list of information for the sources of documentation required to keep this as simple as possible.

    We are also required by law to fully understand the reasons and background to the work  that we are undertaking for you. We need to be confident that we know the source of your wealth, so we may need to ask further questions and on some occasions request further documentation.

    With this extra work required initially and each year after by our administration team, and with the implementation of appropriate software required to hold all this information, we will look to recover those costs by way of a minimal annual disbursement charge.  We do apologise for this additional cost.

     

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