Italian Tax

Anti Money Laundering Policy


These are the Anti-Money Laundering (AML) Policy and Procedures adopted by Avv. Colin Jamieson/Taxing.It (the Firm) in compliance with applicable Money Laundering Regulations.  The Firm will actively prevent and take measures to guard against being used as a medium for money laundering activities and terrorism financing activities and any other activity that facilitates money laundering, the funding of terrorist or other criminal activities.

To these ends:


The business has established a Know-Your-Client (KYC) policy to ensure that the identities of all new and existing clients are verified to a reasonable level of certainty. This will include all individual clients, all directors and shareholders with a stake holding of 25% or more of client or prospective client companies, all partners of client partnerships, and every board member of client charities. Identities will be verified either online or face-to face or by a combination of both.  Alternatively identities may be verified by an independent professional individual or firm situated abroad or by a foreign government authority.

The following documentation must be presented by the individual intending to become a client:
Either a passport, driver’s license, or government issued document featuring a matching photograph of the individual, and a full name and date of birth matching those provided.
An original recent utility bill, or government issued document with the same and address matching those provided by the individual.
Any government issued document that provides the date of birth, NI or Tax number or other such government identifier.

Other forms of identity confirmation, such as evidence of a long standing relationship with the client, or a letter of assurance from and reliable persons or organisations, who have dealt with the client for some time, may also provide a reasonable level of certainty.
If we are unable to verify the identity of a potential client with reasonable certainty we can and will not establish a relationship or proceed with any advice. If a potential or existing client either refuses to provide the information described above when requested, or appears to have intentionally provided misleading information, we have the right to refuse to commence a business relationship or proceed with the transaction requested.


We take a risk-based approach in monitoring the financial activities of our  clients. This will be carried out at the outset and on an ongoing basis, for example whilst preparing accounts or tax returns, or conducting any other business with the client.

We will not accept high-risk clients that are identified as follows:

We will conduct ongoing monitoring of business relationships with customers, to ensure that the documents, date or information held evidencing the customer’s identity are kept up to date.

The following are examples of changes in a client’s situation that may be considered suspicious:

Whenever there is cause for suspicion, the client will be asked to identify and verify the source or destination of the transactions, whether they be individuals or company beneficial owners.
No action need be taken if there is no cause for suspicion.


The MLRO will regularly monitor the following procedures to ensure they are being carried out in accordance with the AML policies and procedures of the business:

The MLRO will also monitor any developments in the MLR and the requirements of the MLR supervisory body. Changes will be made to the AML policies and procedures of the business when appropriate to ensure compliance.


A Suspicious Activity Report (SAR) will be made to the relevant national crime agency as soon as the knowledge or suspicion that criminal proceeds exist arises and without notice to the client or prospective client of the Firm.  No liability will be accepted by Avv. Colin Jamieson, any of his employees, agents, for any loss or damage howsoever arising, following a SAR.

The MLRO is exclusively responsible for deciding whether or not the suspicion of illegal activity is great enough to justify the submission of a SAR.


Records of all identity checks will be maintained for up to 10 years after the termination of the business relationship.  We will ensure that all documents, data or information held in evidence of Client identity are kept up to date as long as the Client relationship remains in force.

Copies of any SAR, together with any supporting documentation filed will be maintained for 10 years from the date of tiling the SAR.

All records will be handled in confidence, stored securely, and will be capable of being retrieved without undue delay.


All affected employees are provided with training that explains the relevant legislation and regulations 2007, and how they these affect the firm, its clients and its employees.
All affected staff, employees are trained on their responsibilities in relation to money laundering legislation, and are aware of how to identify and deal with transactions that may involve money laundering.

Last updated 1 January 2022

Exit mobile version