Anti-Money Laundering (AML) Policy

Website: https://britishba.co.uk/

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1. Purpose

This Anti-Money Laundering (AML) Policy sets out the procedures we follow to prevent money laundering, terrorist financing, and the misuse of UK private limited companies for illicit purposes.

We are committed to complying with UK AML regulations, including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

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2. Scope

This policy applies to all transactions, including the sale and transfer of VAT & PAYE registered UK companies.

All clients must undergo AML checks before the transfer of ownership can be completed.

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3. Information and Documentation Required

As part of our AML procedures, we require all clients to provide:

• Identity verification (as outlined in our KYC Policy)

• Bank statements covering the source of funds for the purchase

• Proof of source of funds, including details of savings, business revenue, or other lawful sources

• Proof of intent to trade, including a brief statement of the intended business activity of the company

Failure to provide this documentation may result in delayed transfers or refusal of service.

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4. Verification and Assessment

All submitted documents are reviewed to ensure:

• Legitimacy of funds

• Compliance with UK AML regulations

• Suitability of the client for ownership of a UK private limited company

We may request additional information if necessary.

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5. Right to Refuse or Report

We reserve the right to:

• Refuse any transaction without explanation

• Delay the transfer until all documentation is satisfactory

• Report suspicious activity to the UK Financial Intelligence Unit (FIU) or other relevant authorities

No company transfer will proceed without full AML compliance.

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6. Data Handling

All documents and personal data collected under this AML policy are:

• Stored securely

• Processed in accordance with our Privacy Policy

• Retained only for as long as required for compliance and record-keeping purposes

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7. Client Responsibility

Clients are responsible for providing accurate, complete, and timely documentation. Misrepresentation or concealment of information may result in:

• Immediate cancellation of the transaction

• Reporting to UK regulatory authorities

• Permanent denial of future services

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8. Regulatory Alignment

This policy ensures that Brit Business Assistance LTD operates in line with UK anti-money laundering laws and demonstrates responsible and transparent business practices.

Company Name: Brit Business Assistance LTD

Email: contact@britishba.co.uk