When you complete your online company formation application with Wisteria Formations you will be asked to provide some identity documentation. This is so that we comply with the Money Laundering Regulations 2007 which were put in place by the government in order to protect the public from fraudulent activity.  All company formation agents must comply with these rules and will normally ask for these documents so that they can complete the necessary checks.

In order to comply with these regulations company formation agents must undertake customer due diligence, which involves checking the identity information that the customer has provided in line with the risk based approach. This makes it easier to detect people who may be using an alias or fabricated details and helps to prevent fraudulent activities.

Wisteria Formations carries this out by asking for identity documents for all of the directors and for shareholders holding more than 20% of the shares in the company. This will be in the form of a document that can prove your identity, such as a copy of your passport or photo driving licence, and a document that proves your usual residential address, such as a utility bill or bank statement. Once these have been sent to us by post, fax or email, and have been verified we will then be able to send your application to Companies House.

If you have any questions about the Money Laundering checking we carry out once you have completed your application, please call our customer support team on 0844 893 0808. Alternatively you can begin your company formation here: http://www.wisteriaformations.co.uk