Anti-Money Laundering Regulations
Rootstock is currently exempt from having to comply with the Anti Money Laundering Regulations because the society is registered under the Industrial and Provident Societies Act (1965). However, the management committee of Rootstock has decided to follow best practice and apply the regulations.
This means that we will now verify the identity of anyone wishing to invest in Rootstock.
If you are making a single investment of up to £10,000 then a cheque drawn on an account in your name held with a British bank will be sufficient evidence of your identity.
If you are making a larger investment (of over £10,000), or several smaller investments, then we will ask to see one document to confirm your identity and one document to confirm your home address.
Documents that you may use to confirm your identity:
- Current signed passport
- Current UK driving licence
- EU member state ID card
- Original letter from HM Revenue and Customs (not a P45 or P60), the Benefits Agency or DWP containing your full name and national insurance number.
Documents that you may use to confirm your address:
- Bills - recent utility or council tax bills
- Statements - recent bank, building society, mortgage or credit union statements
- Council rent book or a tenancy agreement.