How We Manage Risk

We conduct comprehensive risk assessments of our business relationships to understand our customers and identify any increased risks of money laundering or terrorist financing.

Training

Staff receive regular training on anti-money laundering legislation to ensure they understand their responsibilities.

Auditing

We perform regular internal audits to ensure Customer Due Diligence (CDD) measures are properly conducted.

Customer Identification and Verification

We require identification and proof of address for all customers, including beneficial owners. We may also request information on the source or destination of funds.

Acceptable Identity Documents

For Individuals

• One document from List A (Identity Documents)
• One document from List B (Proof of Address)

List A – Identity Documents

• Current signed passport
• Valid UK driving licence
• EEA identity card

List B – Proof of Address

• Bank or credit statements (within 3 months)
• Utility or phone bills (within 6 months)
• Tenancy agreement, council tax bill, etc.

Additional Requirements for Representatives

Estate Representatives

• Grant of Probate or Letter of Administration
• Identity documents (Lists A & B)

Limited & Offshore Companies

• Certificate of Incorporation
• Articles of Association
• Annual Return
• Beneficial Owner identity documents

Trusts

• Trust deed
• List of trustees/beneficiaries
• Identity documents (Lists A & B)

Enhanced Due Diligence (EDD)

EDD applies to high-risk jurisdictions, Politically Exposed Persons (PEPs), and complex or unusual transactions.

Suspicious Activity Reporting (SAR)

Suspicious activity is reported to the MLRO or Deputy MLRO, who decides if a report should be submitted to the NCA.

Record Keeping

We retain CDD records for a minimum of five years. Data is stored electronically and used solely for AML purposes.

Money Laundering Reporting Officer

Mr Aktar Husain
Duru House
101 Commercial Road
London E1 1RD
Tel: 0207 193 8040
Email: info@residentiallinks.co.uk