Money Laundering rules - multiple directors

Money Laundering rules - multiple directors

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Just taken on a large retail company (unquoted) for PAYE advisory work. The company has many directors. Do I need ID for all the directors?

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David Winch
By David Winch
02nd Sep 2011 10:02

Directors

The key thing of course is to ID the COMPANY.

As part of that you might need to ID two or three directors such as the CEO and FD (who is presumably the person you will be dealing with mostly).

Obviously if you do any work for the directors as individuals then those individuals are clients and you will need ID in the usual way for them.

David

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