AML screening for trust and company service providers.
Supervisor
HMRC, unless you’re supervised by the FCA or a professional body. TCSPs must also be on HMRC’s register.
Who you’ll screen
- Clients forming or administering companies
- Directors, shareholders and beneficial owners, with ownership percentages
- Settlors, trustees and beneficiaries where you act for trusts
- Everyone, again, every day
The risks
What supervisors look for in your sector.
Layered ownership
Structures exist precisely to separate ownership from control. Screening only the company name misses the point.
Nominee arrangements
Where you provide directors or shareholders, you need to know whose interests they represent.
Cross-border clients
Clients connected to other jurisdictions bring exposure to US and EU regimes as well as UK sanctions.
How FirmScreen fits
The screening part of your procedures, done and recorded.
- 01Add directors, shareholders and beneficial owners to a company client; each is screened and monitored, and counts in the risk rating.
- 02Every client re-screened daily by default, so a designation after onboarding opens a case the next morning.
- 03Country risk from the FATF lists counts in each client’s rating and flags enhanced due diligence.
- 04A fingerprinted evidence pack per client, ready for an inspection visit or file review.
Yes. Add directors, shareholders and beneficial owners with their percentages. Each is screened and monitored, and their results count in the company’s risk rating.
The guided adverse media check includes a Companies House search, recorded on the client’s file. FirmScreen doesn’t automatically verify ownership against the register.