Bookkeeping Genies Ltd is fully committed to fulfilling its obligations under the Money Laundering Regulations 2017, the Proceeds of Crime Act 2002, the Terrorism Act 2000 and other relevant legislation, for the purposes of combatting money laundering and terrorist financing. We will carry out client verification checks at the stage of client take on and on an ongoing basis, as well as seeking to establish, where appropriate, the source of wealth and source of funds used in transactions in which we are involved.
For the purpose of verification checks we will ask you for proof of identity and address for any person with more than 25% ownership or control of more than 25% of the shares or voting rights in a legal entity.
Procedures and policies are in place to ensure compliance with the relevant legislation. Our staff and directors are trained in how to comply with the legislation and we may refuse to act if we have concerns.