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How
do money laundering rules affect me? |
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Nobody
is accusing any of our investors of money laundering. But in an
effort to clamp down on financial crime the United Kingdom
Government has introduced, through the Financial Services
Authority (FSA), stringent new regulations to all investments.
These regulations will require clients investing money to
provide sufficient proof of both their identity and address to
prevent the laundering of money obtained by criminal activity. |
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Do
the regulations apply to all fund and/or plan managers I deal with? |
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No,
the good news is that Cofunds, Fidelity FundsNetwork and Jupiter
Fund Managers have informed us that they will take care of most
of the money laundering procedures for you. Therefore, if you
invest through any of these supermarkets/fund managers then you
will not have to provide the required documentation up front,
unless requested. |
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I
invested through Cofunds or FundsNetwork or Jupiter and I still
have to submit documentation proving who I am - why is this? |
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There
are a few possible reasons for this:
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you may have changed address
recently |
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you may have moved abroad |
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your address itself maybe
difficult to verify, e.g. where house names are used |
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you may not have a long credit
history or have used little credit in the past |
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you may not be on the
electoral roll |
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you may never have had bad
credit |
Our current experience is that over 80% of our client
verification checks are successful |
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When will Allenbridge have to submit verification documentation
about my investments to plan managers? |
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We
will need to provide documentation when you:
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Purchase any investment |
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Sell any investment (plan
managers will not release proceeds without adequate
documentation) |
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Move your holdings from one
plan manager to another |
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Change your name and/or
address |
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What do I need to submit to Allenbridge in form of verification? |
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In
order to fulfil the regulations you must provide certified
copies of two documents:
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One providing evidence of your
name |
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Another providing evidence of
your address |
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What certified copy of evidence of name can I submit? |
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Only
one document is required from this list:
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Current full signed Passport |
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Resident Permit issued by the
Home Office |
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Current UK/EU photo driving
licence |
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Current full UK driving
licence (old style) |
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Firearms certificate |
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State Pensions or Benefits
Book/notification letter |
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Sub-contractors Certificate |
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Inland Revenue tax
notification |
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What certified copy of evidence of address can I submit? |
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Only
one document is required from this list:
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Solicitor's letter confirming
details of house purchase or land registration |
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Most recent mortgage statement |
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Current local authority tax
bill |
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Bank/Building Society/Credit
Union statement or passbook |
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Utility bill (NB not mobile
phone bill) |
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Current UK/EU photo driving
licence |
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Current full UK driving
licence (old style) |
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State Pensions or Benefits
Book/notification letter |
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Can I use the same document for evidence of both my name and
address? |
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No,
under no circumstance may the same document be submitted for
evidence of name and evidence of address. Please use one,
unique, document from list one and another, unique, document
from list two |
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I
prefer not to part with any original documents, can I use a
photocopy? |
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Absolutely. If you prefer not to send original documents through
the postal services then we are more than happy to receive
photocopies of the two documents you would like to submit.
Please note that the photocopy will have to be certified. |
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How do I obtain a certified copy of an original document? |
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In
order for us to accept any copy of a document it must be marked
up as a certified copy and signed by one of the following
individuals:
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Teachers |
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Accountants |
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Solicitors (UK) |
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Your local GP |
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Your bank manager |
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A minister of religion |
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