As Formation agents, we are legally required to obtain Identification under MLR and KYC legislation.
Your Company Formations is regulated by several legal requirements including the London Local Authorities Act 2007 and the Money Laundering and Terrorist Financing (Amendment) Regulations 2019. In addition, we apply Know Your Customer best practice. In essence, all these requirements mean we need to check the ID and addresses of people setting and incorporating up companies through us. This often means checking documents of account holder, directors / some shareholders and officers of the company where applicable.