Hi, I have a question regarding the collecting of the identity information for clients where I work in their office and not mine.
Is it acceptable for me to have sight of the ID proof but not keep copies of it n my office. Or alternatively to keepit in a file in their office. Do I need to have copies of the ID information in my office in other words?
think about what would happen if you had an MLR inspection at your premises.
You would not be able to show the evidence unless you kept the copies there.
Remember that it is your office, not your clients that is the registered address for money laundering purposes.
Simple answer. You need to keep copies of the evidence that you gathered in your office.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I ask for one form of photo ID such as passport/driving licence and 2 forms of address confirmation such as utility bills for anyone with an active financial role in the business.
