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Anti-Money Laundering Customer Identification Checklist


This template is an EXAMPLE only and is intended to be a starting point for you to implement the requirements set out in the legislation and guidance. This template is designed for a low risk, unregulated business only. It is not intended to be used for a regulated business or by those involved in advising regulated entities, such as accountants. 

Customer due diligence is an essential part of any anti-money laundering compliance process; to understand whom a business is dealing with and their activities. This Template AML Customer Identification Checklist is designed for use by a low risk business that wishes to check the identity of a new customer for AML purposes. The template contains a checklist for individuals followed by one for corporate entities.

A business that is regulated under current anti-money laundering legislation, must identify and verify their customers. A low risk business is a business which is not regulated under current legislation and therefore is not required to carry out this identification and verification. However, as a matter of good business practice, it is sensible for all businesses to consider having procedures in place to identify customers and therefore minimise the risk of money laundering within their organisation.

This form prompts the company to check a customer’s documents to prove their name and address or corporate identity. A list of acceptable documents appears in the form. The business can then assess the level of risk and record this on the form.

This form is suitable for simple due diligence. Enhanced due diligence may need to be undertaken for high risk customers.

This template should be read in conjunction with the AML policy and Business Wide Risk Assessment. If you are unsure as to the risks your business may be exposed to or how to complete this template, you should seek professional advice.

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