X
etsos

Free trial Sign-up

Please leave your name and email and we'll be in contact shortly.

Name

Company

Contact Number

Email

Please complete the sum:        
42 + 6 =

Guide to Anti Money Laundering requirements for non UK residents

25th February 2015

If your client is a foreign national who holds UK ID and has a registered UK address you can carry out normal checks be those electronic or paper based.

However the guidance provided if your client is a non UK resident is as follows:

You should obtain the same types of identity documents for non UK residents as for UK residents.

If you have concerns that an identity document might not be genuine, you can run them through our foreign national ID check and we will verify them for you.

You can get the customer’s address from:

  • an official overseas source, such as an electoral register
  • a recognised, well established directory
  • a person regulated for money laundering purposes in the country where the person is resident, who confirms that they know the individual and confirms that the individual lives or works at the overseas address given

Where appropriate you can also accept written assurances from reputable persons or organisations that have dealt with the customer for some time. If documents are in a foreign language, you must satisfy yourself that they do in fact provide evidence of the customer’s identity. This again can be achieved via our foreign national ID document checks.

Understanding the requirements is one thing but having a consistent approach and process for due diligence is another and clearly important. ETSOS can help, as well as our guides, we have developed ‘Compliance in a Box’, a simple to use and cost effective platform that allows you to carry out consistent due diligence for both Anti Money Laundering and Consumer Protection Regulations in seconds.  As part of this we offer a foreign national check where we verify the validity of any ID documents supplied to you by non UK clients.

Register for more information on our online AML checks

 

Verification

The client and experts view...

  • thumb1
Latest newsspeech Bubble

Vote for your favourite supplier at EA Masters

We value our customer feedback and are proud of having achieved industry recognised awards for our products and services.

We have now been recognised by EA Masters in their Supplier Directory and we’re asking our clients to please vote for us in the Best Supplier category. (more…)

National 1/2 Day AML Seminars for Estate Agents

Landmark in conjunction with agency compliance specialists Compliance Matters bring you a series of joint seminars to discuss the changes to the Money Laundering Regulations implemented in June 2017.  (more…)

Working in Partnership; The Property Jungle

Landmark are delighted to introduce a new working relationship with property focused website experts The Property Jungle. (more…)

26th June 2017: 4MLD comes into law

The latest update to the Money Laundering Regulations 2007 came into effect from the 26th June. (more…)

STL Price Increase 2017

We have been advised by STL that they are increasing their pricing by £1.90 +VAT  effective from 1st July 2017. (more…)

divider
newsletter sign-up

Sign up for our e-newsletter

Name
Company
Email Address
trialTop

trial sign-up

Click the Apply button opposite to use our software on a trial basis...

trialBottom
  • etsosnews

  • etsosnews

  • Linkedin Twitter Facebook
    This site uses cookies. Find out more about this site’s cookies.