The following terms of business apply to all engagements accepted by Sygma Accountants
Limited.
We are bound by the ICAEW’s Code of Ethics, including Professional Conduct in Relation to
Taxation, and will act in accordance with these ethical guidelines.
Anti money laundering legislation
All accountants must comply with the duties imposed by the Proceeds of Crime Act 2002,
the Terrorism Act 2006 and the Money Laundering Regulations 2017 (the Anti Money
Laundering Legislation), which are intended to inhibit the activities of terrorists and other
criminals by denying them access to technical expertise. If we fail to perform these duties,
we risk imprisonment.
Before we accept your instructions, we may need to obtain ‘satisfactory evidence’ to confirm
your identity. In certain circumstances, we may need to obtain evidence confirming the
identities of third parties, the source of any funds or other property, the purpose of any
instructions or any other matter. We may also need to obtain such evidence after we have
begun to act on your instructions.
We assume that our clients are honest and law abiding. However, if at any time, there
appear to be grounds to suspect that your instructions relate to ‘criminal property’, we are
obliged to make a report to the National Crime Agency (NCA), but we are prohibited from
telling you that we have done so.
Client identification
As with other professional services firms, we are required to identify our clients for the
purposes of the UK anti-money laundering legislation. We may request from you, and retain,
such information and documentation as we require for these purposes and/or make
searches of appropriate databases. If we are not able to obtain satisfactory evidence of your
identity, we will not be able to proceed with the engagement.
If you undertake business that requires you to be supervised by an appropriate supervisory
authority to follow anti-money laundering regulations including if you accept or make a high
value cash payments of €10,000 or more (or equivalent in any currency) in exchange for
goods you should inform us.
Any personal data received from you to comply with our obligations under The Money
Laundering, Terrorist Financing and Transfer for Funds (Information on the Payer)
Regulations 2017 (MLR 2017) will be processed only for the purposes of preventing money
laundering or terrorist financing. No other use will be made of this personal data unless use
