CMI Insurance Company Limited
Anti-money laundering requirements
CMI Insurance Company Limited (CMI) is regulated by the Isle of Man Government Insurance
and Pensions Authority (IPA) and follows their Anti-Money Laundering Standards for
Insurance Businesses.
Please note transactions may be delayed or refused if anti-money laundering documents
are outstanding.
If you have any queries about the anti-money laundering requirements, please contact
your financial adviser.
Please click on the links below for more information:
We can accept original documents or
of documents from any of the following:
- An authorised representative of an embassy or consulate of the country that issued the identification document.
- A notary public, lawyer or advocate.
- A Regulated Introducer (or authorised employee thereof).
Certified copies must include:
- The name, signature and occupation of the person providing the certification.
- A statement to the effect that it is a true copy of an original.
- The date on which the document was certified.
Any original documents will be returned.
- Current valid full passport or National ID Card (with photograph).
- A recent utility, rates or council tax bill (please note we cannot accept a mobile phone bill).
- An entry in a local telephone directory.
- An extract from the official register of electors.
- A current driving licence.
- A state pension or benefit book.
- A tax assessment document.
- A recent bank or credit card account statement with the investor’s residential address.
- Proof of ownership or rental of the residential address.
- A recent mortgage statement.
Please note that confirmation of home visits by your financial adviser is an acceptable proof of address.
- Completion of our financial questionnaire for all investments.
We can accept original documents or
of documents from any of the following:
- An authorised representative of an embassy or consulate of the country that issued the identification document.
- A notary public, lawyer or advocate.
- A Regulated Introducer (or authorised employee thereof).
Certified copies must include:
- The name, signature and occupation of the person providing the certification.
- A statement to the effect that it is a true copy of an original.
- The date on which the document was certified.
Any original documents will be returned.
- Identity verification in accordance with verification requirements for personal or corporate clients and specimen signatures of persons from whom CMI is to take instructions.
- Satisfactory evidence of proper appointment of the trustees. (Certified copy of Settlement Deed).
- The nature and purpose of the trust.
- The source or origin of the assets under the trust.
- Full name, address and date of birth (or date of death if applicable) of the Settlor and Protector (if applicable), and/or any other person providing monies.
- Name, address and dates of birth of all beneficiaries (however it is accepted that details may only be provided on class of beneficiaries) – ID and proof of address is required if payments are to be made to beneficiaries.
- Certificate of Incorporation.
- The address of the registered office and place of business.
- A list of directors.
- Valid full passports of at least two directors, one of whom must be an executive director.
- Confirmation that the company has not been or is not in the process of being dissolved, struck off, wound up or terminated.
- A set of the latest annual reports and accounts.
- A list of the shareholders holding 20% or more of the issue share capital – for Private Limited Companies. (Not applicable for Public Registered Companies). Confirmation of the beneficial owner for a Ltd Company. Further anti-money laundering documentation may be required on the shareholders.
Completion of our financial questionnaire for investments.
We can accept original documents or
of documents from any of the following:
- An authorised representative of an embassy or consulate of the country that issued the identification document.
- A notary public, lawyer or advocate.
- A Regulated Introducer (or authorised employee thereof).
Certified copies must include:
- The name, signature and occupation of the person providing the certification.
- A statement to the effect that it is a true copy of an original.
- The date on which the document was certified.
Any original documents will be returned.
- Certificate of Incorporation.
- Evidence of the address of the registered office.
- A list of directors.
- A list of officers from whom CMI is to take instructions and specimen signatures.
- A set of the latest annual reports and accounts, where possible.
- A copy of the board resolution confirming authority to act on behalf of the company.
- Certificate of Incorporation.
- Evidence of the address of the registered office.
- A list of directors.
- Proof of identity and address (eg. valid full passport plus a recent utility bill, bank statement, or current driving license) of at least two directors, one of whom must be an executive director.
- A list of officers from whom CMI is to take instructions and specimen signatures.
- A set of the latest annual reports and accounts, where possible.
- A list of all shareholders.
- Proof of identity and address of shareholders holding 20% or more of the issued share capital. If the shareholder(s) is a holding company, trust or nominee, further evidence will be required. Please contact us for details. The principal requirement is to identify those who have ultimate control over the business and company’s assets.
Completion of our financial questionnaire for investments.