CTTC is regulated by HMRC in our capacity as a Trust Company Services Provider and an Accountancy Services Provider. We are therefore obliged to comply with the guidance set out for both sectors.

Our policy is to:

  • Prevent, wherever possible, CTTC and its staff from being exposed to money laundering.
  • To identify potential risk areas where they occur.
  • To comply with all legal requirements, in particular reporting actual or suspected cases of money laundering.

We are committed to implementing and enforcing effective systems to counter Money Laundering and dealing with the proceeds of crime. All staff are trained in how to comply with the legislation, and we have policies and procedures in place to ensure compliance.

Record Keeping

CTTC is required to maintain records (including records of client identification and about their transactions) for at least five years from the end of our business relationship with a client.

Client Due Diligence

We are required to check the identity of all new clients and carry out regular updated checks on existing clients we deal with. We must also check and record the source of funds utilised in transactions in which we are involved.


Cash

We do not accept cash for payment.

Obtaining Documentation

CTTC’s preferred method of obtaining documentation in order to carry out due diligence is for documents to be uploaded to our secure ID platform.

Where possible, copies of documentation to allow us to carry out the necessary checks should always be submitted via this platform.

If you cannot use the platform due to not having an email address, you must follow the requirements set out in the ‘Why do I need to provide ID?’ help sheet.

Where clients are based overseas, the requirements set out in the ‘Non UK – Why do I need to provide ID?’ help sheet should be followed.

We have procedures in place to ensure that any suspicions that a money laundering offence has been or is being committed are reported to the appropriate authorities.