We’ve removed the need for you to complete our money laundering form, and instead we’ll be carrying out identity checks on the beneficial owners of a business. Where there are no beneficial owners, we’d need to carry out these checks on the key persons relating to the business. If there are no clear key persons, we’ll carry out a check on the scheme administrators.
This change allows us to comply with regulatory requirements and assists you with your due diligence checks. We’ve also acted on feedback that told us the current form process was difficult to complete.
The details we need are:
There may be times that we need documentary evidence, such as passports and/or birth certificates, to confirm an individual’s identity, and we’ll be in touch with you if this is the case.
You’ll no longer have to complete our money laundering form, leaving you with more time to have meaningful conversations with your clients.
If you have any queries about this, please get in touch with your usual Royal London contact.