Anti-Money Laundering Policy

HMX Accounting Services UK Ltd is strictly bound by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) and the Proceeds of Crime Act 2002.

We are supervised for AML compliance by the Association of Accounting Technicians (AAT).

Before commencing any service, we are legally required to verify the identity of all clients. This process is known as Client Due Diligence (CDD).

We will ask you to provide:

• Government-issued photographic ID (passport or driving licence)
• Proof of current address (utility bill or bank statement dated within 3 months)
• For business clients — details of beneficial ownership and company registration

We may also apply Enhanced Due Diligence (EDD) in higher-risk situations, which may require additional documentation and source of funds verification.

We have a legal duty to report any knowledge or suspicion of money laundering or terrorist financing to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR).

We are prohibited by law from informing you if a SAR has been filed. This is known as "tipping off" and is a criminal offence under the Proceeds of Crime Act 2002.

We are required to retain copies of all client identification documents and related records for a minimum of 5 years after the end of our business relationship.

All HMX Accounting personnel are trained in AML obligations, the recognition of suspicious activity, and our internal reporting procedures. This training is updated regularly.

If you have any questions about our AML procedures, please contact our Compliance Officer at info@hmxaccounting.co.uk.