Money Laundering and Proceeds of Crime Act. To comply with applicable money laundering regulations there are times when we may ask clients to confirm (or reconfirm) their identity. We may need to do this at the time you become a client or have been one for some time or for example, when checking details on proposal forms and transferring claims payments. We will verify through electronic means the information you provide us with regard to your identity (whether individual or corporate) and in certain circumstances we may ask clients to provide additional information to assist us with this verification process. This information may be shared with other Xxxxxx Xxxxxx Xxxxxx Companies and where we deem necessary with regulatory or law enforcement bodies. Please note that we are prohibited from disclosing to you any report we may make based on knowledge or suspicion of money laundering, including the fact that such a report has been made. We have systems that protect our clients and ourselves against fraud and other crime and we may utilise the services of third parties in order to identify and verify clients. Client information can be used to prevent crime and trace those responsible. We may check your details against financial crime databanks. If false or inaccurate information is provided, we may be obliged to pass such details to United Kingdom regulatory agencies that may use this information. Conflicts of Interest Circumstances may arise where we may find we have a conflict of interest or otherwise have a material interest in or related to a matter in respect of which we are acting. For example, we may be asked to act on behalf of an insurer in the appointment of a loss adjuster, or, we may find that the interests of two of the clients for whom we act conflict. We have conflict management procedures and we seek to avoid conflicts of interest but where a conflict is unavoidable we will explain the position fully and manage the situation in such a way as to avoid prejudice to any party. The insurance market is complex and there could be other relationships not described here which might create conflicts of interest. Whatever the circumstances, we will act in your best interests; and, if a conflict arises for which there is no practicable solution, we will withdraw unless you wish us to continue to act for you and provide us with your written consent to that effect.
Money Laundering and Proceeds of Crime Act. To comply with UK money laundering regulations we are required to obtain evidence of the identity of Clients for whom we act, and we will seek further information if you request us to make any payments to a third party.We are obliged to report to the Serious Organised Crime Agency any situation giving rise to a suspicion of money laundering. Please note we are prohibited from disclosing any report to our client. ANTI-BRIBERY AND CORRUPTION We are committed to the prevention, deterrence and detection of bribery. We have zero tolerance towards bribery and corruption, and operate in compliance with UK Bribery Act 2010 and similar laws applicable in countries where we conduct business.
Money Laundering and Proceeds of Crime Act. To comply with UK money laundering regulations, We are required to obtain evidence of the identity of clients for whom We act, and We will seek further information if you request Us to make any payments to a third party. We are obliged to report to the National Crime Agency any situation giving rise to a suspicion of money laundering. Please note We are prohibited from disclosing any report to our clients. ANTI‐BRIBERY AND CORRUPTION We are committed to the prevention, deterrence and detection of bribery. We have zero tolerance towards bribery and corruption and operate in compliance with UK Xxxxxxx Xxx 0000 and similar laws applicable in countries where We conduct business. MODERN SLAVERY We are expected to comply with all applicable anti-slavery and human trafficking laws, statutes, regulations and codes from time to time in force including the Modern Slavery Xxx 0000 and expect persons or entities that place insurance through Us to have similar obligations.
