The requirements of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) are now in full force for lawyers. This will mean that next time we do work for you, we may need to collect more information from you.
AML/CFT introduces practical measures aimed at eradicating the ability for criminals to profit from their crimes, and also to prevent the supply of money to terrorist organisations. You have probably noticed that banks implemented these requirements several years ago.
If you are a new Cavell Leitch client, before we can act for you, we will have to conduct customer due diligence (CDD) on you. The extent of CDD required depends on who you are (for example are you a trust or a person), and the type of work you are doing.
Even if you are a long-standing Cavell Leitch ...