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Money Laundering & Proof of Identity
New Legislation
New government regulations mean you must prove who you are when you use companies that provide accounting services.
Why?
The UK is a major international financial and legal centre, with a high reputation for honesty and integrity.
Unfortunately that is why financial and professional businesses, like accountants and back-office services, are attractive to money launderers - criminals sometimes try to hide stolen money by turning it into legitimate income.
The government has introduced measures:
- To make it more difficult for criminals to make and keep money from their crimes
- To confiscate proceeds of crime
For this reason there are compulsory checks which accounting service providers have to make of their clients.
Being asked for identification does not mean you are under suspicion. The new identification requirements apply to all clients.
How this affects you
We will attempt to confirm your identity and address from our on-line ID checking service. However, if we are unable to verify your ID or address, we may have to ask you to show us some personal documentation that can include:
- a current passport
- a photo-card driving licence
- a benefit book
- plus a recent gas, electricity or other household bill
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