AML/CFT

Legalpath is required to obtain and verify information from prospective and existing clients under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT) before commencing any work on any transaction. This requires us to collect certain information about Individuals and Entities related to your transaction.

Halliwells will provide you with the instructions on what to provide and where to send it to.  In the first instance we will verify your ID and address electronically.  Should this not be successful for any reason, Halliwells will require you to scan and email certified ID and proof of address.

- Your full name, date of birth, and address. In the case of Companies or Trusts, the Directors, Shareholders, Trustees and Trust Beneficiaries may also need to provide this information.

- Information regarding any Entity associated with your property transaction i.e. if a Trust is involved, the Trust Deed will need to be provided.

- If you are purchasing, you will need to provide proof of where your money is coming from for the total purchase price. Source of Wealth/Source of Funds (SOW/SOF) evidence ensures that we have full disclosure of your financial sources.  Should part of your financing be acquired through a gift, we will also need to complete CDD and SOW/SOF on the donor, unless they are able to provide this through their own lawyer.

This step is not automated and will be processes as soon as practically possible.  Please allow time for this step as well as time for all this information to be reviewed and signed off by our AML compliance officer.

We have no control over how quickly this can be completed and have the responsibility to check everything is in order before your matter can proceed.

To help you know what documentation you need to provide, we have put together a simple checklist. Click the button below to download the checklist.