Implementation, implementation, implementation
From the Keynote Speech of Keynote speech by David Lewis, FATF Executive Secretary 2019
Fees: Anti-Money Laundering (AML) Services
Fixed Fee Initial Consultation
| Initial Fixed Fee Consultation | Charge | Plus vat** |
|
| Plus vat which is currently 20% |
Anti-Money Laundering Services
AML services are tailored and bespoke.
We aim to offer Fixed Fees where possible.
We are not able to provide an indication until after the Fixed Fee Consultation.
| Item | Charge | Plus Vat** |
| Fixed fee (Where possible we seek to offer fixed fees) | Fixed fee | Plus vat which is currently 20% |
| If hourly rate (where no applicable fixed fee) | £250 per hour | Plus vat which is currently 20% |
| Any additional charges for: - Administration Charges - Additional Charges - Travel time - Expenses | Various | Plus vat which is currently 20% |
Special Offer - AML Audit Only
We currently have a special offer of 5% off your AML Audit
| AML Audit | Charge | Plus Vat** |
| AML Audit - Bespoke to your firm | Fixed Fee price less 5% | Plus vat which is currently 20% |
Conditions:
- Expiry Date - you must book your AML Audit by 30 September 2025.
- Not in conjunction with any other offer.
- This special offer cannot be multiplied if there is more than one office or more than one client.
- There is no monetary alternative to this offer.
- You must comply with our pre-onboarding requirements.
- The 5% reduction does not apply to charges for the initial consultation, administrative, expenses, travel time, and additional charges, follow-up work or other work, plus vat
Follow-Up Work
| Follow-up Work | Charge | Plus Vat** |
| A follow-up Implementation Appointment | From £500 for up-to-2hours | Plus vat which is currently 20% |
| A follow-up report | Fixed fee based on calculation of our hourly rate of £250 | Plus vat which is currently 20% |
Plus, where applicable
| See below | Plus vat which is currently 20% |
KYC AML Analyst - short term support
| KYC AML Analyst short term support | Charge | Plus Vat** |
| Bespoke to your needs | Fixed Fee £1000 per day (This is less than our hourly rate for the day) | Plus vat which is currently 20% |
| If hourly rate (where no applicable fixed fee) | Hourly rate £250 per hour | Plus vat which is currently 20% |
Plus, where applicable
| See below | Plus vat which is currently 20% |
Other work
| Other work | Charge | Plus Vat** |
| A bespoke fixed fee (where possible) | Fixed fee | Plus vat which is currently 20% |
| If hourly rate (where no applicable fixed fee) | Hourly rate £250 per hour | Plus vat which is currently 20% |
Plus, where applicable
| See below | Plus vat which is currently 20% |
Administrative Charges
We charge for undertaking compliance inquiries. These inquiries occur at the stage of pre-onboarding and through the life cycle of the client and matter cycle. Thus the charge will be repeated.
| Administrative Charges | Charge | Plus Vat** |
| Each Individual (e.g. each individual person, each partner, each director, each trustee, each ultimate beneficial owners, each person who has control, each owner, each person with voting rights, shareholders. and each person who has influence, each counter party, third party, referrer and others) | £50 per inquiry | Plus vat which is currently 20% |
| Each Entity (e.g. each sole trader business, each company, each partnership, each trust, each charity. In some circumstances we will not proceed with inquiries, and the pre-onboarding process if the structure is complex | £50 per inquiry | Plus vat which is currently 20% |
Please note that Compliance check Administrative Fees are in addition to the fixed fee or hourly rate.
Administrative Fees are subject to vat which is currently 20%.
Expenses
We charge for Expenses which could include: travel costs, accommodation costs etc plus vat**
We will request payment of these expenses prior to them being incurred or a payment on account if the full cost is not known at that point.
| Charge | Plus Vat** | |
| Expenses | Various | Plus vat which is currently 20% |
Please note that Expenses are in addition to the fixed fee or hourly rate.
Expenses are subject to vat which is currently 20%.
Additional Charges
Additional Charges may apply. Additional Charges are subject to vat**.
| Additional charges | Charge | Plus Vat** |
| Additional Charge | Various | Plus vat which is currently 20% |
Please note that Additional Charges are in addition to the fixed fee or hourly rate.
Additional Charges are subject to vat which is currently 20%.
Travel Time
We charge a reduced hourly rate for travel.
(NB: The rate is a reduced rate from our normal hourly rate is £250 per hour plus vat**)
| Travel Time | Charge | Plus Vat** |
| Travel time | £100 per hour or part there of | Plus vat which is currently 20% |
Please note that Travel Time charges are in addition to the fixed fee or hourly rate for the service provided.
Travel Time Charges are subject to vat which is currently 20%.
Ordinary Hourly Rate
Our ordinary hourly rate is £250 an hour plus vat**
| Hourly rate | Charge per hour | Plus Vat** |
| Hourly rate | £250 per hour | Plus vat which is currently 20% |
VAT**
Vat is currently charged at 20%.
Disclaimer: The charges stated are for information. They are typical costs and are not to be regarded as a fixed quote. This information is provided for information purposes only. The actual charges could be less or more depending on individual circumstances.
Contact Us
See our Privacy Page
See our Client Due Diligence Page
See our Pre-onboarding Page
See our Fees Overview Page
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
www.alexanderchristian.co.uk