AML & KYC Policy
Our Anti-Money Laundering and Know Your Customer procedures — required by UK Money Laundering Regulations and essential for protecting Britvex clients, the firm and the integrity of the UK financial system.
Anti-Money Laundering & Know Your Customer
As a UK accountancy firm providing regulated services, Britvex Advisory is legally required to maintain robust AML and KYC procedures under the Money Laundering Regulations 2017. These procedures protect our clients, our firm and the integrity of the UK financial system.
The UK Money Laundering Regulations 2017 (MLR 2017) — which implement the EU’s Fourth Money Laundering Directive and its subsequent amendments — require all firms providing accountancy, tax advisory and trust services to implement comprehensive anti-money laundering controls. Britvex Advisory fully complies with these obligations.
Customer Due Diligence (CDD) is the process by which we verify the identity of new clients before providing regulated services. For individual clients, this typically involves verifying name, date of birth and residential address using acceptable identity documents. For corporate clients, it involves verifying the company’s existence, beneficial ownership and controlling officers.
Britvex applies Enhanced Due Diligence (EDD) in higher-risk situations — including transactions involving politically exposed persons (PEPs), clients in high-risk jurisdictions, complex ownership structures and transactions that appear inconsistent with the client’s known business profile.
We have appointed a Money Laundering Reporting Officer (MLRO) who is responsible for receiving internal suspicious activity reports, determining whether they should be reported to the National Crime Agency (NCA) and ensuring the firm’s AML controls remain current and effective.
All Britvex staff receive regular AML training and are required to report any suspicions of money laundering or terrorist financing to the MLRO. Tipping off — informing a client that a report has been made — is a criminal offence under POCA 2002, and we are unable to disclose whether any report has been made in any specific case.
✅ Our AML/KYC Requirements
- ✓ Valid government photo ID (passport or driving licence)
- ✓ Proof of address (utility bill or bank statement)
- ✓ Company registration documents (for corporate clients)
- ✓ Beneficial ownership confirmation for companies
- ✓ Enhanced due diligence for PEPs and high-risk clients
- ✓ Ongoing monitoring of client transactions and activity
- ✓ Annual CDD refresh for all active client relationships
- ✓ MLRO appointed and trained — suspicious activity reported to NCA
What to Expect
Why Choose Britvex
Legal Compliance
Our AML procedures are required by law — they protect Britvex, our clients and the wider financial system from the serious harm caused by money laundering.
Protecting Our Clients
Robust KYC procedures protect legitimate clients by ensuring Britvex is not inadvertently used as a vehicle for financial crime — which could create legal risks for all parties.
Confidential Process
All identity documents and CDD records are treated as strictly confidential and stored securely in accordance with UK GDPR and our data retention policy.
Quick and Simple Process
For most UK-based individual or corporate clients, our KYC process is completed within 1–2 working days using simple, widely available identity documents.
By the Numbers
4 Mistakes to Avoid
Delaying Providing Identity Documents
AML regulations require us to verify identity before providing services. Delays in providing documents delay the start of your service — provide requested documents promptly to avoid unnecessary waiting.
Providing Documents That Don’t Match
Ensure names, addresses and company details on identity documents match those provided on your engagement form. Inconsistencies trigger additional verification requirements.
Not Declaring Beneficial Ownership
UK companies are required to maintain a PSC (Persons with Significant Control) register and declare beneficial owners. Failure to disclose true beneficial ownership is a serious regulatory concern.
Misunderstanding the Purpose of KYC
KYC is not about suspicion — it is a standard legal requirement that applies to all new clients regardless of their profile. It is not personal and does not reflect any specific concern about any individual client.
Transparent Fixed Fees
AML/KYC compliance is part of our standard onboarding process. There is no additional charge for standard CDD. Enhanced due diligence may be subject to a supplementary fee in high-complexity cases.
No setup charges. Fixed fee agreed upfront before you commit.
All-inclusive fixed monthly pricing — no hourly rates, ever.
Free no-obligation consultation. No pressure, no commitment.
Frequently Asked Questions
Questions About Our AML & KYC Requirements?
Join over 1,200 UK businesses who trust Britvex Advisory. Book a free consultation — no commitment required.