Standard risk (overseas connection) STAGE ONE: IDENTIFY STAGE TWO: VERIFY Information gathering (document on client Obtain documents to verify information provided in stage one overview form) Individual Name Understanding of Obtain: Address the business and Proof of identity e.g. passport DOB proposed Proof of address e.g. bank statement engagement World-Check Private All beneficial Understanding of For the company/companies obtain: For one controlling director of the For any beneficial owners/controllers company owners or the business and direct client obtain: over 75%: Proof of the company’s existence and controllers proposed purpose (e.g. Certificate of Incorporation Proof of identity e.g. passport Proof of identity e.g. passport over 25% engagement and Memorandum Of Association) Proof of address e.g. bank of address e.g. bank Verify the group structure (if applicable) statement statement via shareholder certificates or annual World-Check return World-Check report Trust All Trustees, Purpose of the For the trust obtain: For one trustee and the settlor: For any beneficiary entitled to 75% of Beneficiaries trust and proposed the trust: Trust deed Proof of identity e.g. passport or Settlors engagement World-Check report Proof of address e.g. bank Proof of identity e.g. passport statement Proof of address e.g. bank statement World-Check If any party is a UK National electronic verification can be carried out (SmartSearch or URU)
Standard risk (overseas connection) STAGE ONE: IDENTIFY Information gathering (document on client overview form) STAGE TWO: VERIFY Obtain documents to verify information provided in stage one Individual Name Address DOB Understanding of the business and proposed engagement Obtain: Proof of identity e.g. passport Proof of address e.g. bank statement World-Check Private company All beneficial owners or controllers over 25% Understanding of the business and proposed engagement For the company/companies obtain: Proof of the company’s existence and purpose (e.g. Certificate of Incorporation and Memorandum Of Association) Verify the group structure (if applicable) via shareholder certificates or annual return World-Check report For one controlling director of the direct client obtain: Proof of identity e.g. passport Proof of address e.g. bank statement For any beneficial owners/controllers over 75%: Proof of identity e.g. passport of address e.g. bank statement World-Check Trust All Trustees, Beneficiaries or Settlors Purpose of the trust and proposed engagement For the trust obtain: Trust deed World-Check report For one trustee and the settlor: Proof of identity e.g. passport Proof of address e.g. bank statement For any beneficiary entitled to 75% of the trust: Proof of identity e.g. passport Proof of address e.g. bank statement World-Check If any party is a UK National electronic verification can be carried out (SmartSearch or URU)
client-due-diligence-guidance-v4.docx