At The Infinity Group, we are committed to maintaining the highest standards of compliance across all our accountancy and tax services. We strictly adhere to Anti-Money Laundering (AML) regulations to promote transparency and meet all regulatory requirements. Our practices are overseen by HMRC, and we comply with the Money Laundering Regulations 2017.
Why AML Matters ?
AML compliance safeguards businesses, clients, and the broader financial system from fraud, corruption, and criminal activity. At The Infinity Group, we take this duty seriously and regularly review our policies to stay aligned with changing regulations.
Our Obligations as Accountants and Tax Agents
As a firm providing accountancy and tax services, we are legally required to apply a risk-based approach to prevent financial crime.
This includes ensuring we know our clients, understand their activities, and monitor relationships appropriately throughout our engagement.
Our AML Procedures
We apply robust controls across all accountancy and tax services, including:
- Customer Due Diligence (CDD): Verifying client identity and assessing risk before engagement
- Ongoing Monitoring: Reviewing transactions and client activity to detect unusual behaviour
- Record Keeping: Maintaining accurate and secure records in line with regulatory requirements
- Risk Assessments: Identifying and mitigating potential AML risks across our services
- Staff Training: Ensuring our team is trained to recognise and report suspicious activity
Suspicious Activity Reporting (SAR)
Under the Proceeds of Crime Act 2002, we are legally required to report any knowledge or suspicion of money laundering by submitting a Suspicious Activity Report (SAR) to the National Crime Agency (NCA).
Reports are made promptly and include sufficient detail to support any compliance check or investigation.
Working With Our Clients
To meet our regulatory obligations, we may request identification documents and additional information during onboarding or throughout our engagement. This is a standard part of AML compliance and helps maintain a secure and transparent working relationship..
Get In Touch
If you have any questions about contracting with Infinity, contact our team, who will talk you through the setup process, answer any questions you may have or arrange an appointment to discuss our services further.