Money Laundering Statement

Money laundering is the process by which criminally obtained money or other assets are exchanged for “clean” money with no obvious link to its criminal origin. Likewise, terrorist financing involves the solicitation, collection or provision of funds with the intention that they may be used to support terrorist acts or organisations. Funds may stem from both legal and illicit sources. As a licensed accountant, supervised for anti-money laundering purposes by the Association of Accounting Technicians (AAT), I, Sami Norine of Cloud Accounts Limited, recognise that I am at risk of being exploited by money launderers. I fully recognise that I have legal obligations to do all I can to prevent the abuse of our services. Money laundering is a serious threat to the financial systems of all countries, undermining a country’s economic integrity and stability. The prevention of money laundering is a key focus of regulatory authorities, with robust money laundering regulations in place to inhibit the movement of funds derived from criminal activity and restrict the availability of funds used to finance terrorist activity. Cloud Accounts Limited views money laundering as a serious criminal offence and is committed to preventing money laundering through its services. As such, we comply strictly with regulatory requirements, including:
  • Customer identification (Know Your Customer / KYC policy)
  • Retaining transaction and identification records for a minimum period of five years
  • Monitoring and reporting all suspicious activity to the relevant authorities

Due Diligence and Identification Requirements

To comply fully with Anti-Money Laundering laws, and in order for you to use our services, Cloud Accounts Limited requires at least two forms of documentation to satisfactorily identify and verify each client. Examples of acceptable proof of ID include:
  • Passport
  • UK or EEA driving licence
  • EU national identity card
A member of our team will guide you through this process. Cloud Accounts Limited is committed to maintaining the highest ethical and professional standards in the conduct of its business. This policy is intended to raise awareness of money laundering and its harmful effects, and to help counter it effectively. Cloud Accounts Limited reserves the right to decline to provide accountancy services where it believes a transaction may be associated with money laundering or other criminal activity, and is committed to reporting any such activity to the relevant authorities.

About Cloud Accounts Limited

Company name: Cloud Accounts Limited Trading as: CloudAccounts Company number: 09625798 (registered in England and Wales) Registered office: 5 Merchant Square, Paddington, London W2 1AY ICO registration number: ZB903566 Email: info@cloudaccounts.uk