Our commitment to preventing money laundering, terrorist financing and financial crime under the UK Money Laundering Regulations 2017.
Last updated: 1 January 2025Meridian Capital Partners is committed to the highest standards of anti-money-laundering (AML) and counter-terrorist-financing (CTF) compliance. We operate a risk-based approach in line with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), as amended, and guidance from the Financial Conduct Authority (FCA).
Before we open an account or process certain transactions, we carry out customer due diligence. This includes verifying your identity, address and, where applicable, the source of your funds and wealth. We may use electronic identity-verification providers and may request certified copies of documents.
| Check | What we verify | Typical documents |
|---|---|---|
| Identity | Name, date of birth, nationality | Passport, driving licence, national ID |
| Address | Residential address | Utility bill, bank statement (within 3 months) |
| Source of funds | Origin of deposited funds | Payslips, bank statements, sale contracts |
| Source of wealth | How wealth was accumulated | Business accounts, inheritance documents |
We apply enhanced due diligence (EDD) for higher-risk situations, including politically exposed persons (PEPs), clients from higher-risk jurisdictions, complex ownership structures, and unusually large or unusual transactions. EDD may require additional documentation and senior management approval.
We monitor transactions and account activity on an ongoing basis to detect and report suspicious activity. We keep records up to date and may ask you to refresh your information periodically.
Where we suspect money laundering or terrorist financing, we are legally obliged to report our suspicions to the National Crime Agency (NCA) and may be prohibited from telling you that a report has been made ("tipping off").
We screen clients and transactions against UK, EU, UN and other applicable sanctions lists. We will not provide services to sanctioned individuals or entities, or where doing so would breach sanctions law.
We retain identification and transaction records for at least six years after the end of the business relationship, in line with MLR 2017 requirements.
You agree to provide accurate and complete information, to keep it up to date, and to cooperate with our verification requests. We may suspend or close an account where we cannot complete the required checks.
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