This Template AML Client Identification Checklist is designed for use by a
low risk business that wishes to check the identity of a new client or
customer for anti-money laundering purposes. The template contains a
checklist for individuals followed by one for corporate entities.
A business that is regulated under the Money Laundering, Terrorist
Financing and Transfer of Funds (Information on the Payer) Regulations 2017
as amended by The Money Laundering and Terrorist Financing (Amendment)
Regulations 2019, must identify and verify their clients/customers. A low
risk business is a business which is not regulated under these Regulations
and therefore is not required to carry out this identification and
verification. However, as a matter of good corporate governance, it is
sensible for all businesses to consider having policies and procedures in
place to identify and minimise the risk of money laundering within their
organisation; including checking a client’s identity.
This form prompts the company to check a client’s/customer’s documents to
prove their name and address or corporate identity. A list of acceptable
documents appears in the form. The company then assesses the level of risk
and records this on the form.
This form is suitable for simple due diligence. Enhanced due diligence may
need to be undertaken for high risk clients/customers.
This template should be read in conjunction with the AML policy and Company
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
This document is in open format. Either enter the requisite details in the
highlighted fields or adjust the wording to suit your purposes.
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