Money Laundering

What is money laundering?

Money laundering means exchanging money or assets that were obtained criminally for money or other assets that are 'clean'. The clean money or assets don't have an obvious link with any criminal activity. Money laundering also includes money that's used to fund terrorism, however it's obtained.

 

Money laundering requirements for Investment

Investors would need to send a certified copy of one document from List A and one certified copy from List B below with the signed contracts and agreement. Lakewood Asset Management, its sister companies and agents hold the right to request further documentation in respect of any applicant in order to satisfy their obligations to ensure adherence to Anti Money Laundering Regulations. Each item must be less than three months old and should show your name and permanent residential address. Please note that bank statements printed via the internet are not acceptable.

 

List A (Verification of Identity)

• Driving Licence
• Passport
• Bank Statement
• Building Society Statement

List B (Verification of Address)

• Utility Bill (but not a mobile phone bill)
• Council Tax Bill (for the current year)
• Benefits notification letter from the Benefits Agency confirming the rights to benefits (e.g. child benefit, working families tax credit)
• Original Tax Notification with HM Revenue & Customs