T&C, Disclaimer &
Please note that the information and materials contained in this web site are not, nor are they intended to be, legal or financial advice. You should consult a Notary, Lawyer or Financial Advisor for individual advice regarding your own situation. Prior results and conditions do not guarantee a particular outcome.
Gozo Notary - Dr. Anna Maria Mizzi does not guarantee that any information on this website is complete or up-to-date. Transmission of the information contained in our web site is not intended to create a relationship with our office or any of its individual employees.
What is CDD / AML / KYC?
At the outset of a new transaction we will require some detailed information from all the parties which is either obligatory or deemed necessary for the proper discharge of particular obligations. In terms of Legal Notice 372 of 2017 Prevention of Money Laundering and Funding of Terrorism Regulations, our office, Gozo Notary - Dr. Anna Maria Mizzi and related staff are a Subject Person and we are legally bound to ensure that proper Customer Due Diligence (CDD) and Anti-Money Laundering (AML) procedures are followed through by having our client complete a "Know Your Client" (KYC) form, which provides us with the details that the Financial Intelligence Analysis Unit (FIAU) requires we collect.
Identification & Verification
The Law requires subject persons to obtain satisfactory evidence of the identity of the parties and sometimes people related to them. This is because particular transactions involving a subject person may be used as a vehicle by criminals in order to legitimize their illicit gains. In this regard, we will ask for evidence of your identity as soon as possible upon your first meeting and will make copies of certain documents for identification purposes.
For an individual, it is important to present yourself with a valid identification document (identity card, passport, driving license, etc.). We may also require a confirmation of your permanent residence by means of additional documentation, such as a recent utility bill.
For an Entity, It is therefore important to:
establish who are the qualifying beneficial owners or beneficiaries of the Entity (the qualifying beneficial owners or beneficiaries are those natural persons who, either own or control 25% or more of the shares or voting rights in the Entity or otherwise exercise control over the management of Entity);
identify who are the directors or persons who manage the Entity;
establish whether any beneficial owner, director or other person who manages or controls the Entity is a Politically Exposed Person.
For these reasons the legal representatives or company secretary of the Entity are being requested to complete this form and to provide all documents required in terms hereof.
Valid identification documentation (identity card, passport, driving license, etc.) of each one of the persons identified in this form must be provided. We may also require a confirmation of the permanent residence by means of additional documentation, such as a recent utility bill.
Remittance of Funds
For Transferees, some information about the source of such funds is required and the subject person may ask for any documentary evidence as deemed necessary. Should any part of a payment be made by a third party (a relative, a partner, etc.) the subject person is required to carry out the same CDD procedures on the third party.
Forms and Documentation
Our office, Gozo Notary - Dr. Anna Maria Mizzi is obliged by Law to keep a record of the procedures undertaken and will thus hand out specific forms to be filled in by all the parties in order to collect as much information as possible at one go. Our office may also require additional information or documentation deemed necessary in the context of the particular transaction. All the information and documentation obtained in the course of the discharge of these obligations is strictly confidential.