High Risk STAGE ONE: IDENTIFY TWO: VERIFY Information gathering (document on client overview Obtain documents to verify information provided in stage one form) Individual Name Understanding Detailed Obtain: Address of the business understanding of the Proof of identity e.g. passport DOB and proposed source of wealth Proof of address e.g. bank statement engagement World-Check Private Any Understanding Detailed For the company/companies For two controlling directors of the For any beneficial owners/controllers company beneficial of the business understanding of the obtain: direct client obtain: over 25%: owners or and proposed source of wealth Proof of the company’s Proof of identity e.g. passport Proof of identity e.g. passport controllers engagement existence and purpose (e.g. Proof of address e.g. bank Proof of address e.g. bank over 25% Certificate of Incorporation and statement statement Memorandum Of Association) World-Check World-Check Verify the group structure (if applicable) via shareholder certificates or annual return Trust Any Trustees, Purpose of the Document a detailed For the obtain: For two trustees and the settlor: For all beneficiaries*: Beneficiaries and understanding of the Trust deed Proof of identity e.g. passport Proof of identity e.g. passport or Settlors proposed source of wealth for report Proof of address e.g. bank Proof of address e.g. bank engagement assets contained statement World-Check statement within the trust. Notes * For a risk based approach on whether UK beneficiaries or minors should be verified please consult the AML team.
High Risk STAGE ONE: IDENTIFY Information gathering (document on client overview form) TWO: VERIFY Obtain documents to verify information provided in stage one Individual Name Address DOB Understanding of the business and proposed engagement Detailed understanding of the source of wealth Obtain: Proof of identity e.g. passport Proof of address e.g. bank statement World-Check Private company Any beneficial owners or controllers over 25% Understanding of the business and proposed engagement Detailed understanding of the source of wealth 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 For two controlling directors of the direct client obtain: Proof of identity e.g. passport Proof of address e.g. bank statement World-Check For any beneficial owners/controllers over 25%: Proof of identity e.g. passport Proof of address e.g. bank statement World-Check Trust Any Trustees, Beneficiaries or Settlors Purpose of the and proposed engagement Document a detailed understanding of the source of wealth for assets contained within the trust. For the obtain: Trust deed report For two trustees and the settlor: Proof of identity e.g. passport Proof of address e.g. bank statement World-Check For all beneficiaries*: Proof of identity e.g. passport Proof of address e.g. bank statement Notes * For a risk based approach on whether UK beneficiaries or minors should be verified please consult the AML team.
client-due-diligence-guidance-v4.docx