Are you HMRC ready? Question Title 1. What does KYC stand for? Know Your Customer Keep Your Contracts Know Your Checks OK Question Title 2. According to HMRC, as a minimum what do you require from your customers to apply Customer Due Diligence (CDD) (Select All Applicable) Full name Source of funds Date of Birth Occupation Immigration status Residential address OK Question Title 3. When completing CDD on vendors, who are you required to check? The person(s) you have instructed by All legal owners Anyone over the age of 18 who reside in the property OK Question Title 4. When completing CDD on purchasers, who are you required to check? Anyone interested in the property Anyone who submit an offer Anyone whose offer is accepted OK Question Title 5. According to HMRC, what documentation is acceptable for CDD? (Select All Applicable) A firearms certificate An expired passport an emailed copy of a passport A council tax benefit letter A downloaded utility bill A certified photocopy of a photo card driving license OK Question Title 6. In what circumstances would you typically consider applying Enhanced Due Diligence (EDD) (Select All Applicable) Transaction value is £1m+ Foreign investor Absent vendor Remote vendors/buyers Complicated ownership structure Use of intermediaries to conduct the transaction OK Question Title 7. Who would you consider to be a Politically Exposed Person (PEP) (Select all Applicable) Local council representative Members of Parliament Magistrate High ranking officers in the armed forces Members of the Welsh Assembly Directors of national sporting bodies OK Question Title 8. Who would you consider to be a beneficial owner? Any person(s) with shares in a business Any person(s) with voting rights in a business Any person(s) with more than 25% of the shares or voting rights OK Question Title 9. Who is responsible for submitting Suspicious Activities Reports (SARS) in your organisation? Managing Director Money Laundering Reporting Officer Everyone OK Question Title 10. Who do you report SARS to? The Police HMRC The National Crime Agency OK Question Title 11. Landmark, home of AML compliance toolkit Compliance in a Box, are offering a short consultation to help you review your money laundering procedures, in line with the guidance provided by HMRC. Complete the form below to book your consultation and find out more. Name Email Address Phone Number OK DONE