Our commitment to anti-money-laundering compliance.

S. Satha & Co Solicitors is committed to preventing money laundering, terrorist financing, and proliferation financing in accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended), the Proceeds of Crime Act 2002, the Terrorism Act 2000, and the SRA's regulatory requirements. The firm maintains a written AML policy, appoints a Money Laundering Reporting Officer (MLRO), and provides regular AML training to all staff. We carry out firm-wide and matter-level risk assessments before accepting new instructions.

We are required to identify and verify the identity of every client before commencing work, and to keep this information up to date throughout our engagement. Standard CDD typically involves verifying your full name, date of birth, and current residential address using government-issued photographic identification and a recent proof of address. For corporate clients, we will additionally verify beneficial ownership, registered office, and authorised representatives. Where higher-risk factors apply, including politically exposed persons (PEPs), high-risk jurisdictions, or complex ownership structures, we will apply enhanced due diligence (EDD).

Where money is being transferred through our client account, for example, in property purchases, settlements, or estate administration, we are required to establish, and where necessary verify, the source of those funds and, in higher-risk cases, the underlying source of wealth. We may ask for bank statements, payslips, contracts of sale, gift letters, inheritance documentation, or other supporting evidence. Funds will not be accepted from third parties without satisfactory evidence of the relationship and the source.

If, during the course of acting for you, we form a knowledge or suspicion that funds may represent the proceeds of crime, we are required by law to submit a Suspicious Activity Report (SAR) to the National Crime Agency (NCA). In certain circumstances, we may be unable to inform you that a report has been made, and we may be required to suspend work on your matter pending consent from the NCA. We will not be liable for any loss arising from compliance with these statutory obligations.

S. Satha & Co Solicitors is authorised and regulated by the Solicitors Regulation Authority (SRA). The SRA's regulatory arrangements, including the SRA Standards and Regulations, the SRA Principles, and the SRA Code of Conduct, govern our work. Information about the SRA's regulatory framework is available at www.sra.org.uk. The firm is also subject to supervision under the Money Laundering Regulations by the SRA in its capacity as our supervisory authority.

Personal information collected as part of our AML and client due diligence processes is processed in accordance with the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018. We process this information on the lawful basis of compliance with a legal obligation. We retain CDD records for a minimum of five years following the conclusion of our retainer, in line with statutory requirements. You have rights of access, rectification, and (in limited circumstances) erasure in respect of personal data we hold. For full details, please see our Privacy Policy.