Brick & Fortune is committed to full compliance with the UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, and the Proceeds of Crime Act 2002.
Our Obligations
- Conduct Customer Due Diligence (CDD) on all clients
- Verify the identity of clients and beneficial owners
- Assess and monitor the risk of money laundering and terrorist financing
- Report suspicions to the National Crime Agency (NCA) via Suspicious Activity Reports (SARs)
- Request proof of identity, proof of address, and source of funds documentation
- Apply Enhanced Due Diligence for PEPs, high-risk jurisdictions, and complex transactions
- Retain CDD documentation for a minimum of 5 years following the end of a business relationship
Suspicions of money laundering or terrorist financing are reported to the National Crime Agency. We are legally prohibited from tipping off clients in such circumstances. Services may be declined if compliance requirements are not met.
AML compliance queries: compliance@brickandfortune.co.ukinfo@brickandfortune.co.uk
UK AML Regulations
In the United Kingdom, anti-money laundering (AML) obligations are set out mainly in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), as amended, and the Proceeds of Crime Act 2002 (POCA). These require regulated firms to carry out customer due diligence, keep records and report suspicious activity. Brick & Fortune applies these requirements in its operations.