Combatting financial crime and terrorist financing
Murray Beith Murray is committed to meeting its statutory obligations under the Money Laundering Regulations 2007, the Proceeds of Crime Act 2002 and other relevant legislation for the purposes of combatting money laundering and terrorist financing. This means that we carry out client verification checks and seek to establish, where appropriate, the source of wealth and source of funds. We also carry out individual risk assessments of the work we are asked to undertake in order to identify any clients or transactions that may be subject to additional verification or information before we can do this. We may decline to provide services based on the outcome of the client verification, risk assessment or the source of wealth and funds checks.
Combatting tax evasion
We also have in place policies to promote and maintain a culture of compliance with the Criminal Finances Act 2017. We adhere to the principles set out in Guidance set out by HMRC and have a zero tolerance approach to the facilitation of tax evasion by any employee or representative of the firm.
The firm’s Management Board oversees and approves all policies and procedures relating to the above Regulations. Training is provided to all relevant personnel in how to comply with the Regulations and adhere to our internal policies at all times.