by Luke Quinnell
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) requirements will apply to accounting firms, resulting in enhanced Know Your Client (KYC) and Know Your Business (KYB) procedures.
As part of these obligations, we may request additional information from both new and existing clients, including:
- Identification documents (e.g. driver’s licence or passport)
- Details of companies, trusts and other entities
- Beneficial ownership information
- Source of funds information for certain transactions
In some cases, we may be required to complete these verification checks before commencing or continuing work on your behalf.
We are committed to making this process as simple and efficient as possible and will provide clear guidance if any additional information is required.
