This Anti-Money Laundering (AML) Statement sets out how LedgerBridge Accounting, operated by Ankit Marasini as an Independent Sole Trader in the United Kingdom, complies with UK anti-money laundering legislation.
The practice operates in accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended), the Proceeds of Crime Act 2002, and related guidance issued by HMRC and relevant supervisory bodies.
Before commencing any regulated engagement, I carry out client due diligence appropriate to the risk profile of the client, which may include: verifying the client's identity using government-issued identification; verifying business identity and structure; understanding the nature and purpose of the business relationship; and identifying beneficial owners where relevant.
Existing client relationships are subject to ongoing monitoring, including scrutiny of transactions and periodic refreshes of identification information where required.
AML records — including identification documents and due diligence notes — are retained for a minimum of five years after the end of the business relationship, in line with statutory requirements.
Where I identify suspicious activity, I am required by law to submit a Suspicious Activity Report (SAR) to the National Crime Agency. Legal restrictions prevent disclosing to a client that a SAR has been submitted.
As sole practitioner, I maintain up-to-date knowledge of AML obligations through continuing professional development, ensuring that policies remain aligned with current law and guidance.
Questions about AML compliance can be sent to info@ledgerbridgeaccounting.co.uk.
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