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AML check for a Seller (s)
Anti money laundering check- New customer request form:
AML check for a Buyer (s)AML check for a Company
Support
Normal Risk Client
Frequently asked questions

Normal Risk Client: This indicates that 2 or more Primary Checks have been made on the individual at that address, and the client has therefore met the minimum guidelines as laid down by the JMLSG

Refer: This indicates that less than 2 Primary Checks have been made on the individual at that address and further proof of identity should be sought.

High Risk Client
Pass: This indicates that 3 or more Primary Checks have been made on the individual at that address, and the client has therefore met the minimum guidelines as laid down by the JMLSG


Refer: This indicates that less than 3 Primary Checks have been made onthe individual at that address and further proof of identity should besought.

Types of Companies
Limited Companies: In cases where you are instructed by a private limited company you will need to establish and complete CDD on all individuals with 25% or more of the shares. If the business has subsidiaries you may need to do some digging to understand the shareholder statuses.


Public companies: Where your customer is a corporate/public body (large housebuilders, banks, LLP’s, some charities) a beneficial owner is any

individual who:

  • owns or controls over 25% of the shares or voting rights

  • ultimately owns or controls whether directly or indirectly including bearer shares holdings or other means, more than

  • 25% share or voting rights in the business

  • exercises ultimate control over the management

  • controls the corporate body.

Still need help?
020 7760 7582info@gazeal.co.uk
SELLERSBUYERSAGENTSCONTACT USLOGINCONVEYANCERSFAQ
[Not Facial Recognition]