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Anti Money Laundering requirements

AML requirments for a granny who is in care.

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Hope this isn't a silly question, but I've never come across it before so would appreciate some advice.

I've been asked to take on a new client who is a senior, in resdiential care.   She receives pension income and rental income (which is used to subsidise the cost of her care).  All very straight forward from a tax perspective.  I have been asked to do this by her grandson, who holds her power of attorney.  I will of course meet him and identify him and his address etc for AML purposes, but not sure what I should be doing abuot his gran.  From the initial discussion it's not possible to meet her, so an unsure about the best way forward.

I'd welcome any coments on how to approach this, especially from someone who has had this situation before. Thank you!

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Oaklea
By Chris.Mann
10th Jan 2018 15:26

In these "unusual" cases, I take the details of the POA, rather than even thinking of causing any distress to the actual individual.
The day that I'm advised that my pragmatic approach is wrong, I'll gladly hang my pencil case up.

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By Sharyn80
10th Jan 2018 15:32

thank you.

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By Vaughan Blake1
10th Jan 2018 16:09

I once took on a prisoner remanded "At Her Majesty's pleasure", who had been inside for twenty odd years (HM is obviously very difficult to please!) He had inherited a £1m property portfolio from his mother and now needed a tax return. Not wishing to visit a maximum security prison in person, I sort advice from ICAEW. The chap naturally did not have any of the usual stuff, so I was advised that a letter from the Governor confirming his id would suffice. I also copied items (birth certificate etc) from the instructing solicitor's file who was dealing with mum's estate.

In your case I would do a "full job" on the POA and also get copies of granny's pension/benefit notices, bank statements, birth certificate and possibly a letter from Matron confirming granny's id.

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By Sharyn80
11th Jan 2018 10:27

thank you again, helpful!

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