Why do we require proof of ID and address?
CFS Formations are regulated by HMRC Money Laundering Regulations 2017 and KYC (Know your Customer) guidelines, this means we are required to verify the identify and address of our customers.
How do we perform Identification and Address verification?
For UK Company Formations, Registered Office and Correspondence Address services, we collect ID and Proof of Address checks digitally by inviting you to provide the required documents via email.
For UK Shelf Companies, CFS Formations are in partnership with a secure, third party company known as SumSub which allows us to digitally perform identification and address verification against customers.
This platform allows us to verify your proof of ID and address within just five minutes!
Upon your order, you will receive an email with an invitation to undertake SumSub's verification process, you will be directed to their platform to complete the process.
Is SumSub's platform secure?
By using SumSub, you can be assured the data and documents you provide will be processed securely.
SumSub is ISO27001 accredited for information security.
You can view SumSub's security and compliance information page here.
Who needs to supply ID?
In usual cases, the new Director / PSC will be who needs to complete the verification process with SumSub, if any further verification is required, you will be made aware.
For information purposes, please see below who we are legally required to collect ID from:
- For UK Shelf Company orders, we are required to collect Identification and Proof of Address of all new proposed Company Directors and/or PSC's
- All Shareholders that own more than 25% of shares within a company / LLP
- Anybody undertaking the usage of either our Registered Office or Correspondence Address services.
In certain circumstances we may require ID and Proof of Address checks on other individuals depending on the circumstances.
