Legal & Compliance

Anti-Money Laundering Policy

1. Purpose

The purpose of this policy is to prevent INNOVATIONS AND MORE LTD from being used for money laundering, fraud, identity theft, terrorist financing or any other unlawful activity. This policy sets out the procedures and controls that the company has in place to comply with applicable legislation.

This policy applies to all services provided by INNOVATIONS AND MORE LTD, including but not limited to:

• Business Address Services
• Mail Receipt
• Mail Scanning
• Mail Forwarding

2. Legal Framework

This policy is written in accordance with:

• The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
• The Proceeds of Crime Act 2002
• The Terrorism Act 2000
• Guidance issued by HMRC and relevant supervisory bodies

3. Customer Verification

Before activating any service, all customers are required to provide satisfactory evidence of identity and address. No service will be activated until verification has been completed to a satisfactory standard.

Required documentation includes:

• Government-issued photo identification (passport or driving licence)
• Proof of residential address (utility bill or bank statement dated within the last 3 months)
• Company information where applicable, including company name, company number and director information

4. High Risk Customers

The company may refuse service to, or terminate service for, customers in the following categories:

• Customers who refuse to provide identification documents
• Customers who provide false, misleading or unverifiable information
• Anonymous customers or customers using a fictitious name
• Customers involved in suspicious activity or activity inconsistent with their stated purpose
• Customers who are subject to sanctions, or who are Politically Exposed Persons (PEPs) without enhanced due diligence being completed

5. Suspicious Activity

Where the company identifies or suspects money laundering, terrorist financing or any other financial crime, it is obligated to submit a Suspicious Activity Report (SAR) to the National Crime Agency (NCA) in accordance with the Proceeds of Crime Act 2002. Staff must not tip off any customer if a SAR has been or is being submitted.

6. Record Keeping

Customer records, including identity verification documents, transaction records and any supporting documentation, will be retained securely for a minimum of five years from the end of the business relationship, in accordance with legal requirements. Records are held in a secure manner and access is restricted to authorised persons only.

7. Training

The Director and any relevant staff are responsible for ensuring they are aware of their obligations under anti-money laundering legislation and for keeping up to date with any changes in law or guidance.

8. Responsibility

The Director of INNOVATIONS AND MORE LTD is responsible for the implementation, oversight and periodic review of this policy. This policy will be reviewed at least annually or whenever there is a material change in legislation or business activities.

9. Contact

Any concerns or queries regarding this policy should be directed to:

INNOVATIONS AND MORE LTD
Company Number: 11350220
Email: admin@innovationsandmore.com