Anti-Money Laundering and Countering Financing of Terrorism Act 2009

The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) applies to Stowers Butterworth and other accounting firms. The Act requires Stowers Butterworth to assess the money laundering and terrorist financing risk we may face in our business and to identify potentially suspicious activity. To make that assessment we must carry out “customer due diligence” (“CDD”) on new and existing clients. CDD requires us to collect information about a client’s identity (including full name, date of birth and address) and in some cases a client’s source of funds and/or wealth. To do this we will generally ask for documents such as a passport, a bank statement or utility bill. For trusts, we need information about the trust, individuals connected with the trust such as the trustees and the trust’s source of funds and/or wealth. We will let you know what we require the next time we receive instructions from you or when there is a material change in the nature and purpose of our relationship. We will work with you to make the process as simple as possible. We may not be able to proceed with your instructions until we have received all the necessary CDD information.