We are required to carry out client due diligence (CDD) in accordance with UK legislation. This requires us to obtain and keep up to date evidence of the identity of our clients. We are also required to obtain information about their financial status and normal business affairs. We must also carry out source of funds checks for transactions to understand how our clients have obtained the funds for them.
Before we start working on a matter or transaction we will give you details about the checks we will carry out and the information we need you to provide. We ask our clients to verify the identity of certain individuals using photo ID and proof of address via a trusted third party, Legl. This online service uses facial recognition and document verification technology. Further details about our approach to CDD and our use of an individual’s personal data is contained in:
You may also obtain further information about the third party we ask our clients to use:
Website: https://legl.com/
Contact: https://legl.com/contact
or you can live chat with Legl’s support team through the menu of its platform.
Alternatively, please contact your usual Pannone Corporate contact for further assistance.
Please note that we include a fixed charge of £50 plus VAT on all matters in addition to our other fees and expenses. This is a consolidated charge of any payment we must make to Legl for identity verification, source of funds and other checks plus our charge for completing the CDD checks which are required under UK legislation.