ID & Money Laundering

We are under a legal obligation to ensure we have procedures in place designed to combat money laundering/terrorist financing. This applies to all law firms, accountancy firms, banks and other financial institutions.

The Proceeds of Crime Act places all lawyers under very strict rules to ensure criminals and terrorists do not use us as a way to launder money derived from criminal activities. One of the procedures we have in place is to ensure we are certain who we are acting for and the purpose of any transaction. If we fail to spot money laundering when we should have, we can face criminal charges therefore we take this matter very seriously.

All staff have been trained to spot attempts to launder money and other illegal transactions and regular training is provided.

Therefore when we ask you for proof of your identity, address and questions regarding the source of funds please do not be alarmed. We do understand it may feel intrusive but we hope you appreciate it is necessary, and we will not proceed to act until our requirements are met. If you are unwilling or unable to provide such information and evidence we reserve the right to decline to act for you. If we have acted for you before we may still have to ask you for further information.

In addition you should also be aware that if there are any circumstances which would appear to be suspicious it is our duty to report them to the appropriate authorities. Please note we do not accept cash over £330. Further details regarding this matter are contained in our Brochures and can be discussed with us direct, and we do appreciate your co-operation.

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As with all previous advice I have received from Hanslip Ward, I consider the advice to reflect the highest standard, and I thank you for taking on my case in these unfortunate circumstances.
Mr & Mrs Epstein

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