Getting Started with KYC & AML
TCSP KYC & AML Compliance Overview
⚡ Quick Answer: As a TCSP regulated by HMRC, we must verify the identity and address of all UBOs/PSCs and authorised representatives before activating services. This is required under the Money Laundering Regulations 2017. Our Regulatory Obligations The Hoxton Mix is a Trust or Company Service Provider (TCSP) supervised by HMRC. We comply with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Our Customer Due Diligence (CDD) process involveFeaturedWhy We Collect This Information
⚡ Quick Answer: As a TCSP regulated by HMRC, we are legally required to verify the identity and address of all beneficial owners and authorised representatives before activating services. Legal Basis The Hoxton Mix is a Trust or Company Service Provider (TCSP) regulated by HMRC under the Money Laundering Regulations 2017. We must perform Customer Due Diligence (CDD) on all customers before providing services. Purpose Description | **Prevent money lFeatured
Providing Your Documents
Proof of Identity (Photo ID)
⚡ Quick Answer: You need a valid, non-expired government-issued photo ID (passport, driving licence, or national identity card). Upload it through the secure Veriff link sent to your email. Why It’s Required As part of our Customer Due Diligence (CDD) obligations, we must verify the identity of every Person of Significant Control (PSC) or Ultimate Beneficial Owner (UBO). We may also verify directors or authorised representatives where required by our risk assessment.FeaturedProof of Address
⚡ Quick Answer: You need a document showing your full name and residential address, dated within the last 3 months (council tax, tenancy/mortgage and HMRC/DWP letters are accepted within a longer window — see below). Upload it through the secure Veriff link. Why It’s Required Under UK Money Laundering Regulations, we must verify the residential address of every PSC or UBO using our services. All verification is carried out securely through Veriff. AccepFeaturedBusiness and UBO Verification
⚡ Quick Answer: We verify the individuals who own or control your business (PSCs/UBOs). You’ll need to provide company details plus proof of ID and proof of address for each UBO. What We Collect for Businesses Requirement Details Company name and number As registered with Companies House or equivalent Registered office address Official address on file Country of incorporation Where the company is registered | **Directors and shareholderFeatured
Understanding Anti-Money Laundering (AML)
Sanctions and AML Screening
⚡ Quick Answer: All customers are screened against UK and international sanctions lists, PEP databases, and adverse media as part of our AML compliance. Screening is continuous — not just at onboarding. What We Screen For As a TCSP regulated by HMRC, we are required to screen all individuals and entities against: UK Sanctions List (HM Treasury) UN Sanctions List EU Sanctions List OFAC (US) Sanctions List Politically Exposed Persons (PEP) databasesFeaturedService Activation & Ongoing Compliance
⚡ Quick Answer: Your service is activated once all KYC/AML verification checks are complete. This typically takes up to one business day from when all documents are uploaded. Before Activation Requirement Description Identity verification All UBOs/PSCs and authorised representatives must verify ID via Veriff Address verification Proof of residential address for each UBO/PSC | Business information | Accurate company details, directors, owFeaturedUltimate Beneficial Owner (UBO) Examples
⚡ Quick Answer: A UBO (Ultimate Beneficial Owner) is anyone who owns or controls 25% or more of a company. All UBOs must complete KYC verification before services are activated. See examples below. What Is a UBO? Under UK AML regulations, we must identify and verify all Persons of Significant Control (PSCs) or Ultimate Beneficial Owners (UBOs) who ultimately own or control a company. A UBO is typically anyone with 25% or more ownership or voting rights, or anyone who eFeatured