Anti-Money Laundering Checks

When sending in instructions for trust drafting, SWW Trust Corporation must carry out Anti-Money Laundering (AML) checks on each settlor and trustee. These checks are important to both us, and you the introducer, as a safeguarding measure to prevent us from becoming directly or indirectly involved in any criminal activity.

SWWTC charges a flat fee of £10 + VAT for each case to carry out AML checks. In some cases, we realise this unnecessarily increases introducers’ own costs, particularly where some are already carrying out their own AML checks utilising 3rd party providers, such as Credas, Thirdfort, etc.

Therefore, effective immediately SWWTC will accept 3rd party generated reports as proof that an AML check has already been conducted, and in such cases will waive the £10 charge. Please ensure that all necessary checks have been completed, and reports are provided alongside instructions sent to our Specialist Legal Services department.

For any queries, including a full list of services and charges, please do not hesitate to contact Jordan Cooling: 01522 581 570 / jordan.cooling@swwtrust.co.uk