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Verification of clients as an Authorised Corporate Service Provider - Anti Money Laundering (AML) Compliance v Companies House Standard
In order to comply with the existing Money Laundering Regulations, many accountants are likely to have obtained a Credit Reference Agency (CRA) type electronic search, which would include PEP and Sanctions checks, to comply with the additional requirements of the Money Laundering Regulations.
Businesses are doing their best to keep up to date with the changing legislation and believe this is sufficient to meet the latest rules – however the problem is that this does not meet the Companies House standard. This insists on the photographic document being verified by Identity Document Validation Technology (IDVT), unless individuals have had specialist training on spotting fakes. Verification of identity with Companies House is starting on 18 November 2025 after which all new submissions will have to be verified first.
The Lifecycle network will be joined by Steve O’Neill from Business Tax Centre on 3rd December 2025, 12pm-1pm providing the Anti-Money Laundering Update 2025 webinar. The session, exclusive to Lifecyle members, will include the latest updates and guidance on AML including what to expect from the changes and how to prepare.
Sign up for this free CPD webinar here.
At a time when AML compliance is becoming ever more complex, streamlining and managing risk is vital.
Business Tax Centre offers SmartSearch to accountants to facilitate identity verification for AML compliance, ensuring fast secure onboarding which also aligns with the Companies House requirements. It is competitively-priced at a discounted rate for Lifecycle members and is offered on a pay-as-used basis without any contract or commitment.
If you would like to find out more, contact Steve O’Neill at the Business Tax Centre on 01706 215803.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.