We have recently introduced a new procedure for verifying the identity of individuals placing orders on our website.
As we are regulated by HMRC under Money Laundering Regulations 2017 and KYC (Know your Customer) Guidelines, we are legally required to perform identity and address checks on our customers.
CFS Formations are now in partnership with a secure, third-party company known as SumSub, which allows us to digitally verify individuals identity in just minutes!
Compared to our previous procedures, we have seen great improvement to the time taken to verify individuals identity.
Currently, we are only using SumSub's verification for UK Shelf Company orders, however we expect to expand onto other services in the future.
We will make you aware when these changes are coming into effect.
Please read our Help and Guidance article below to learn more about SumSub:
https://www.cfsformations.com/help-guidance/id-verification
