Frequently Asked Questions
Anti Money Laundering Checks
- What documents will I be required to send you when I have completed the online company formation application process?
- When you have completed the online company incorporation application process you will be asked to send us some identity documentation for all of the directors, plus for any shareholders with a holding of more than 20%. This will need to be in the form of a copy of either their driving license (photo card) or passport and a utility bill or bank statement showing their home address. If you are unable to provide these exact documents, please contact us to discuss this.
- Why do I need to provide you with these documents?
Under the Money Laundering Regulations 2007 all company formation agents must carry out anti-money laundering checks before they can complete a company formation, in order to identify potentially fraudulent activity. We are required to check that the details you have provided match those on your identity documents. This helps to prevent fraud by identifying individuals who may potentially being using an alias or fabricated details.
When forming a new limited company you should expect the company formation agent you use to undertake these checks. This way you know that the company formation agent you are dealing with complies with the relevant Money Laundering laws.
For more information the full Money Laundering Regulations 2007 can be seen here: The Money Laundering Regulations 2007