Statement on Anti-Money Laundering / Countering the Financing of Terrorism
MacRoberts LLP are committed to upholding the rule of law, including being fully compliant with all applicable anti-money laundering and counter-terrorist financing legislation. We take our obligations under that legislation seriously and we aim to behave responsibly and with integrity, in line with our core values. In accordance with our professional and regulatory obligations, we are required to establish and maintain policies, controls and procedures to mitigate and manage the risks identified in our firm’s risk assessment.
This means that we are required to conduct identification and verification checks at the outset of accepting client instructions, so that we fully understand the identity and/or ownership and control structure of our clients and their beneficial owners. Where appropriate, we are required to establish the source of funds and source of wealth for client transactions and for any funds that we may hold, receive or administer on behalf of our clients. We must also conduct due diligence on anyone who instructs us on behalf of a client. We use various methods of conducting due diligence, including electronic verification using external providers. We are obliged to carry out risk assessments for all new matters, both for new and existing clients. We must also carry out ongoing monitoring and keep our due diligence information up to date. We regularly train our staff on compliance matters. In certain circumstances, we may refuse to accept instructions or we may withdraw from acting.
Linked to the above, we have also established policies to promote compliance with the Criminal Finances Act 2017 and we have a zero tolerance approach regarding tax evasion and the criminal enabling of tax evasion.