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From 1 October 2018 we are required to obtain more information from you. This is part of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT).

The purpose of this Act is to prevent money laundering or the financing of any terrorism. By requiring more information from you, we have more knowledge about the transactions we are undertaking on your behalf, and are able to ensure that we are not in breach of our requirements under the Act. We have an obligation to report any suspicious transactions.

When we meet with you to discuss new legal matters, we require what is called "customer due diligence" (CDD) from you. CDD requires us to undertake certain background checks before providing services to our clients.

CEG Ltd engages First AML to conduct CDD on our behalf.  CEG need to obtain initial information from you such as;

  • A current engagement letter;
  • your full name;
  • your date of birth; and
  • your address and phone number.

Thereafter First AML will contact you to verify certain information using documents such as your passport, driver’s license or birth certificate, and documents that show your address, such as a current bank statement or utility bill will be required.

If you are seeing us about company or trust business, they will need information about the company or trust including the people associated with it (such as directors and shareholders, trustees and beneficiaries).

CEG may also need to ask you for further information. We will need to ask you about the nature and purpose of the proposed work you are asking us to do for you. Information confirming the source of funds for a transaction may also be necessary to meet the legal requirements.

If we are not able to obtain the required information from you through First AML, it is likely we will not be able to act for you.

First AML deal with our Client’s most important and private information: their identity. Access to information is restricted to authorised parties who have a legal basis for information access.  You can view their privacy statement here.

https://www.firstaml.com/security

 

If you have any queries or concerns, please do not hesitate to contact us