All lawyers are required to comply with the Anti-Money Laundering and Counter Financing of Terrorism Act 2009. At Pier Law, we aim to make compliance with this legislation as straightforward as possible.
Before we can start work on your behalf, we are required to confirm certain details about you or your business/entity. This process, known as customer due diligence (CDD), requires us to:
After you engage us, we will send you detailed instructions on the information we need from you and how you can provide this information to us.
In most cases, we use an electronic verification system where you can complete your identity verification and supply any other required information via a secure web portal accessible either through a computer or mobile device. Alternatively, you can provide the required information to us in person at any of our three offices.
For individuals, we’ll need to verify your full name, date of birth, current address, and in some cases your tax residency status.
For companies or other legal entities, we will need to verify the full name, date of birth, and current address for all directors and shareholders.
For Trusts, we will need to verify the full name, date of birth, and current address for all Trustees, settlors, appointors, or anyone representing the Trust. In addition, we need a copy of the Trust Deed and any subsequent amendments, together with source of wealth for the Trust.
We will provide detailed guidance around the required information we need from you during the onboarding process.
If you have any questions or aren’t sure about something, the team member handling your work is always happy to help. Just give us a call or send us an email, and we will walk you through the process.
