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)
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.
Beneficiary/Settlor – overseas or if electronic verification fails A certified valid personal identification document (see appendix three and four) A certified residential address verification document (see appendix three and four) World-Check Charity cont. High Risk Constitution or rules (if applicable) Memorandum and Articles of Association (if applicable) Deed and Sub-Trust Deed (if applicable) Authorised Signatory List (Inc. signatory powers) (if applicable) Latest audited financial statements (for newly incorporated companies an opening balance sheet signed by the Director/s) Documentary evidence of the trustees/directors or management committee Document the charities activities and objectives Document a detailed understanding of the source of funding for the charity Ensure that you are satisfied that the charity is legitimate taking into consideration geographical risks Verify one trustee/director or member of management committee (see Trustee/director/management committee table) Verify a beneficiary and/or settlors with 25% or more holding (refer to beneficiary/settlor table) World-Check Client overview entity form 190 form Trustee/director/management committee – overseas or if electronic verification fails A certified valid personal identification document (see appendix three and four) A certified residential address verification document (see appendix and four) World-Check Beneficiary/Settlor – overseas or if electronic verification fails A certified valid personal identification document (see appendix three and four) A certified residential address verification document (see appendix and four) World-Check Partnership
Follow the table to understand how to apply the CDD measures as per risk assessment. CATEGORIES AML RISK RATING CDD MEASURES A + B High Enhanced A + C High Enhanced B Standard Standard C High Enhanced Appendix 2: Country risk ratings Afghanistan High Albania High Algeria High Andorra High Angola High Antigua and Barbuda High Argentina High Armenia High Aruba High Australia Standard Austria Standard Azerbaijan High Bahamas, The High Bahrain High Bangladesh High Barbados High Belarus High Belgium Standard Belize High Benin High Bhutan High Bolivia High Bosnia and Herzegovina High Botswana High British Virgin Islands High Brazil High Brunei High Bulgaria Standard Burkina Faso High Burma (Myanmar) High Burundi High Cambodia High Cameroon High Canada Standard Cape Verde High Central African Republic High Chad High Chile Standard China High Colombia High Comoros High Congo Republic High Cooke Islands High Rica High Côte d´Ivoire (Ivory Coast) High Croatia Standard Cuba High Curacao High Cyprus High Czech Republic Standard Democratic Republic of the Congo High Denmark Standard Djibouti High Dominican Republic High Ecuador High High El Salvador High Equatorial Guinea High Eritrea High Estonia Standard Ethiopia High Fiji High Finland Standard France Standard High Gambia High Georgia High Germany Standard Ghana High Gibraltar Standard Greece High Grenada High Guatemala High Guernsey High Guinea High Guinea-Bissau High Guyana High Haiti High Holy See High Honduras High Hong Kong High Hungary Standard Iceland Standard India High Indonesia High Iran High Iraq High Ireland Standard Isle of Man High Israel Standard High Jamaica High
Japan Standard Jersey High Jordan High Kazakhstan High Kenya High Kiribati High Korea (North) High (South) High Kosovo High Kyrgyzstan High Kuwait High Kyrgyzstan High Laos High Latvia High Lebanon High Lesotho High Liberia High High Liechtenstein High Lithuania Standard Luxembourg Standard High Macedonia High Madagascar High Malawi High Malaysia High Maldives High Mali High Malta Standard Marshall Islands High Mauritania High Mauritius High Mexico High Micronesia High Moldova High Monaco High Mongolia High Montenegro High Morocco High Mozambique High Namibia High High High Netherlands Standard New Zealand Standard Nicaragua High Niger High Nigeria High North Korea High Norway Standard Oman High Pakistan High Palau High Palestinian Territories High Panama High Papua New Guinea High Paraguay High Peru High Philippines High Poland Standard Portugal Standard Qatar Standard Romania Standard Russia High Rwanda High Saint Kitts and Nevis High Saint Lucia High Saint Vincent and the Grenadines High Samoa High San Marino High Sao Tome and Principe High Saudi Arabia High Senegal High Serbia High Seychelles High Sierra Leone High Singapore Standard Sint Maarten High Slovakia High Slovenia Standard Solomon Islands High Somalia High South Africa High South Sudan High Spain Standard Sri High High Suriname High Swaziland High Sweden Standard Switzerland Standard Syria High Taiwan High Tajikistan High Tanzania High Thailand High The FYR of Macedonia High Timor-Leste (East Timor) High Togo High Tonga High Trinidad and Tobago High Tunisia High Turkey High Turkmenistan High Uganda High Ukraine High United Arab Emirates High United Kingdom Standard United States Of America Standard Uruguay Standard Uzbekistan High Vanuatu High Venezuela High Vietnam High Yemen High Zambia High Zimbabwe High Appendix 3: Documents for personal verification