Money Laundering

You may be aware of The Proceeds of Crime Act 2002 and Money Laundering Regulations 2007. These pieces of legislation require us to take reasonable steps to confirm your identity and place of residence. As a firm of Solicitors we have no choice but to comply with this legislation and failure to do so constitutes a criminal offence. Therefore, as a client of PainSmith Solicitors you will need to provide suitable identity information for us to confirm your identity and place of residence.  We cannot commence any substantial work on your behalf until they have been received.

In a lot of cases we can confirm your identity by an online database search. We will send you a form to complete to allow us to do this or you can download it here. We cannot confirm your identity using a database search if you do not reside in the UK or are not an individual (ie a company or trust). In some cases we will be unable to confirm your identity using our online database search. This is particularly the case for people who hold limited assets in their own name or who have lived at a number of different addresses recently and is in no way a reflection on your honesty or legal status.

If we are unable to use a database search to confirm your identity we will need you to provide us with 1 original document from List A below to confirm your identity and 1 different original document from List B to confirm your place of residence. Alternatively, we will accept certified copies from your accountant, solicitor, banker, doctor or other suitably qualified person with an original letter from that person referring to your certified enclosures. We will then copy the documentation and retain certified copies. The originals will be returned to you upon the day of receipt by recorded delivery.

List A

    • Current signed passport
    • Current full driving licence – not provisional driving licences
    • Inland Revenue C1S4
    • Benefit book / original letter from the benefits agency confirming entitlement
    • Firearms certificate
    • A cheque drawn on an account in the name of the client with a Bank in UK or EEA

List B

    • Electoral register entry
    • Local Authority Council Tax Bill for the current year
    • A recent (last 3 months) Gas, Electricity, Water, or similar utility bill (Please note that we cannot accept emailed or other electronic bills)
    • Driving licence – unless already used as List A identification
    • A current building society passbook
    • A current bank statement(Please note that we cannot accept emailed or other electronic bank statements)
    • Current local council or housing association tenancy agreement or rent card
    • Recent mortgage statement from a recognized lender
    • Solicitor’s letter confirming a recent house purchase or land registry confirmation of address
    • Benefit book or original letter from Benefits Agency confirming entitlement
    • Inland Revenue self assessment statement or tax demand
    • House or motor insurance certificate

If you are a company and are quoted on the London Stock Exchange, please also send us a certified copy of your Certificate of Incorporation. If you are not quoted on the London Stock Exchange please also provide us with 2 of the following:

    • Memorandum & Articles of Association
    • Certificate of Incorporation
    • Latest accounts
    • Latest annual return