2. Client identification, anti money laundering, your responsibilities

2.1  We are required under UK anti-money laundering legislation to carry out due diligence measures in respect of new clients (including due diligence of You and on behalf of any officer, director or beneficial owner) and to conduct on-going monitoring periodically throughout Our business relationship with You.

2.2  We will undertake this due diligence activity prior to providing Services to You and periodically thereafter, this will be performed through either a request to You for information and/or through a search with a credit reference or fraud prevention agency. We do not require Your consent to undertake such checks. Any documents provided to Us will be recorded and copied for audit purposes as part of Our anti-money laundering requirements. We reserve the right to charge an administration fee representing any third party expenses and cost of time charged in performing the relevant checks required by legislation undertaken as part of our onboarding process and as renewed periodically throughout the course of the engagement.

2.3  If You fail to provide (to Our satisfaction) any information or documentation required by Us to satisfy Our legal obligations, on request, We may immediately terminate or suspend Our relationship with You.

2.4  We are also required by UK anti-money laundering legislation to report to the regulatory authorities and Law Authority Agencies if We have reasonable grounds for knowing or suspecting that money laundering has arisen or is likely to arise. If We do so, You acknowledge that We will not be permitted by law to make any disclosure to You in respect thereof.

2.5  We shall perform Our Services to You with reasonable skill and care.

2.6  You will, so far as reasonably practicable:

Provide Us with timely instructions, information and material as necessary for Us to provide the Services to You;

Ensure that all information provided to Us is complete and accurate in all material respects;

Notify Us promptly of any changes or additions to the information provided.

2.7  We may rely on the accuracy of the information You provide to Us and We will not be held liable for any errors arising from such inaccuracy.

2.8  Our advice to You and Services are based on laws, regulations, statements of practice and codes of practice that are current at the time the advice is given or Services provided and no warranty is made in respect of the continued accuracy or applicability of Our advice or Services. Unless We have expressly agreed to do so in Our Engagement Letter, We will have no obligation actively to inform You if the laws, regulations, statements of practice and codes of practice upon which any advice or Services We have given to You was based has changed, or if any change has any implications that will require You to obtain additional or updated advice or Services.