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Alexander Christian |  London
Alexander Christian | London
Law Firm | Business Consultancy
  • KYC and CDD

    Due Diligence

    Know Your Client (KYC) | Know Your Business (KYB) | Client Due Diligence (CDD) | On-going Monitoring
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Alexander Christian · Compliance 

Client Due Diligence
What we need and why

Before we can begin any matter, we are legally required to verify who you are and, in some cases, where your funds come from. This page explains what to expect, what you may need to provide, and why these checks exist.

Please note that we do not take on matters, where the business is registered outside England and Wales, or the client, entity or structure is unduly complex. 

We suggest that potential clients book an initial consultation so that these issues can be considered at the begining of our interaction with you. 

Why this matters

You have almost certainly done this before.

Banks, accountants, estate agents, mortgage lenders all regulated professions carry out the same identity and due diligence checks. These are not a reflection of suspicion or distrust. They are a legal and regulatory requirement that protects both you and us, and that we are obligated to carry out before any matter can begin.

A requirement

We are required to comply with regulation and legislation, we must confirm the identity of all clients and, in some matters, to understand the source of funds involved. We cannot begin any matter or continue one without completing these checks.

A safeguard for you

Due diligence protects you as well as us. It ensures that the person instructing us is who they say they are, that the matter is genuine, and that we can act in your best interests with confidence throughout the engagement.

Standard across the profession

Every firm carries out these checks. The checks are standard, proportionate, and in most cases straightforward to complete. But it requiries a willingness and co-operation from the potential and existing client. 

The process

What to expect, four stages

Most potential clients go through all four stages. Some only require and initial consultation. 

The process is explained at the start of your initial consultation.

01

-Complete the e-verification within two days of it being sent to  you. Completion takes a few minutes.
-Then book your initial consultation date and time. 
-The initial consultation is pre-paid. 

02

-Attend your intial consultation.
-Provide your answers to our short questionnaire at the consultation.



03

-After the initial consultation, if you wish to proceed further, compete the full questionnaire before we start work for you.


04

-Sign the client care letter and the firm's terms and conditions of business.




In some situations for instances if you have a connection with a FATF high risk country, are a politically exposed person such as am MP or due to your business interests you may be required to provide source of funds and or source of wealth information. But if that is the situation we will explain it to you. 

What you may need to provide

Document requirements individuals

Personal identification

We will ask you to verify your identity electronically where possible. Where electronic verification is not available or sufficient, we will ask for original documents or certified copies. The preferred forms of identification are listed below in order of preference.

  • Electronic biometric verification via a secure app (preferred method)
  • Passport current and unexpired, original
  • Photo driving licence with current address, original
  • Utility bill stating your full name and current address, dated within the last three months, original or certified copy

If your matter involves connections to high risk countries, if you or any other party is a Politically Exposed Person (PEP), or if there are other elevated risk factors, additional documentation will be required. This will be discussed with you at the outset of your matter.

Source of funds and wealth

Evidence of where your funds come from

Where a matter involves a financial transaction or where the source of the funds involved is relevant to the matter we are required to understand and evidence where those funds originate. The examples below illustrate the kind of documentation that may be requested. Your specific requirements will depend on the nature and circumstances of your matter.

Salary or employment income
  • Recent payslips (three months or more)
  • P60 or tax return
  • Employer confirmation letter

Savings
  • Bank statements showing the build-up of funds over time
  • Savings account statements

Property sale
  • Completion statement
  • Solicitor's letter confirming sale proceeds
  • Bank statement showing receipt of funds

Inheritance
  • Grant of probate or letters of administration
  • Solicitor's correspondence confirming inheritance
  • Bank statement showing receipt of funds

Investment or asset sale
  • Sale contract or investment statement
  • Platform or broker statements
  • Bank statement showing receipt of funds

Gift
  • Letter from the donor confirming the gift
  • Donor's identification documents
  • Evidence of the donor's source of funds or wealth

Other sources including loans, company profits, insurance maturities, or pension income may require similar documentation. The specific requirements will be discussed with you at the outset of your matter.

Certifying documents

Who can certify your documents

Who may certify

  • A member of the Judiciary, Senior Civil Servant, or serving Police or Customs Officer
  • A practising Solicitor or Barrister
  • An officer of an Embassy, Consulate or High Commission of the country that issued the document
  • A Notary
  • A Tax Adviser
  • An Accountant
  • An Insolvency Practitioner
  • An Auditor
  • A credit or financial institution which is an authorised person
  • A consumer credit financial institution

Who cannot certify

A person cannot be a suitable certifier if they are related to the person being identified by birth or marriage, or if they are in a relationship with or living with the person being identified.

What the certification must include

The certifier must state that the copy is a true copy of the original document and in the case of a photograph a true likeness of the holder.

The certification must include the following information about the certifier:

  • Their full name
  • Their position or professional capacity
  • Their address
  • Their telephone number or email address
  • Their official seal (where applicable)

The certification must be signed and dated, and the certifier must have had sight of the original documents.

Costs of certification

The costs associated with obtaining certified copies are your responsibility and are not recoverable from us under any circumstances including if we decide not to proceed with your matter.

Companies, partnerships and trusts

Document requirements entities

Where a client is an entity, or where an individual client has connections to an entity, we are required to identify and verify the entity as well as the relevant individuals connected to it. The requirements vary by entity type and are set out below.

Companies

For company clients we require the following information and documentation.

Directors and senior management
  • Full names of all directors and persons who have and exercise strategic decision-taking powers or executive control
  • Identification of each director electronic biometric verification where possible, or certified copy passport (all pages) plus certified copy of a current utility bill or bank statement dated within the last three months

Shareholders and beneficial ownership
  • Details of any shareholder holding 25% or more of the shares
  • Details of individuals holding significant voting rights
  • Identification documents for each relevant shareholder as above

Company documentation
  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Proof of registered address and trading address
  • Details of the nature of the company's business

Certification requirements for company documents

Certifications must be signed and dated by a suitable certifier who has had sight of the originals and certifies the copies to be true copies of the original documents and all photographic evidence to be a true likeness of the holders.

Partnerships

For partnership clients we require the following.

  • Full names of all partners
  • Identification documents for each partner, in the same form as for company directors above
  • Partnership Agreement (where one exists)
  • Details of the nature of the partnership's business and activities
  • Proof of principal business address

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Call Us:  020 4578 4684

Get in Touch at Any Time

Do not hesitate to contact us with any queries.

Alexander Christian

Harrow Business Centre

429-433 Pinner Road

North Harrow

Middlesex

Greater London

HA1 4HN

Phone : 020 4578 4684

Book an Initial Consultation

We offer initial consultations by pre-arranged appointment only on:


Mondays and Tuesdays 

  • Pre- booked in advance
  • In‑person at Harrow Business Centre


Office Hours

10am–4pm - Monday to Fridays


Contact Form: To help us respond efficiently, please complete the contact form. We may be with a client or have limited availability, and the form ensures we can follow up promptly and with the right information.