Anti-Money Laundering Information

New Anti-Money Laundering rules came in to force at the beginning of March 2004 in a further bid to stop financial crime.

Previously Cavendish Online made use of the Postal Concession whereby the investment and insurance companies used a client's bank details to verify their name and address. This option no longer exists and we have alternative options as listed below. Fidelity and Legal and General continue to do their own verification and our clients do not usually need to provide additional proofs of identity for investments with these companies.

1. If the monthly premium is below £50.00 per month per policy (not applicant) then we use the Low Premium Exemption and no further information is required.

2. If the premium is over £50.00 per month then clients will need to supply originals or certified copies of their Passport or Driving Licence AND a recent utility bill (not mobile phone) showing their address. This must be for each applicant and the premium payer if different.