Policy Documents
Anti-Money Laundering & Financial Crime Statement
MF Financial Ltd takes its legal and regulatory responsibilities seriously. This statement explains the measures used to help prevent money laundering, fraud and financial crime when providing advisory services.
Our Commitment
MF Financial Ltd will take reasonable steps to prevent our services being used for money laundering or financial crime, conduct due diligence on clients and related parties, report suspicious activity to the appropriate authorities, comply with FCA regulations and UK AML legislation, and maintain confidentiality while fulfilling legal obligations. We operate a zero-tolerance policy towards financial crime.
Client Due Diligence
Before providing advice or submitting any application, we must verify the identity and legitimacy of each client. This may include proof of identity, proof of address, verification of source of funds, verification of source of wealth, company structure documents for directors, founders or corporate purchasers, and international verification for overseas clients.
Enhanced Due Diligence
Enhanced due diligence is applied where higher-risk jurisdictions are involved, complex corporate structures exist, large or unusual transactions take place, or the client holds a politically exposed role. You may be asked for additional information or documentation. This is standard practice and required by law.
Monitoring and Ongoing Checks
We continuously assess and monitor the accuracy of information provided, changes to client circumstances and transaction patterns that could indicate unusual or suspicious activity. Ongoing reviews help us maintain an up-to-date understanding of each client’s financial profile, especially where cases involve multi-entity structures, foreign income or non-traditional earnings.
Reporting Obligations
Under UK law, MF Financial Ltd is required to file Suspicious Activity Reports with the National Crime Agency if we believe a transaction is linked to money laundering or terrorist financing, a client’s funds may be derived from criminal activity, or false or misleading information has been provided. We are legally prohibited from informing clients when such a report has been made.
Record Keeping
We retain AML-related records for a minimum of five years, including identity verification documents, transaction information, risk assessments, correspondence and evidence supporting due diligence checks. This is required under the Money Laundering Regulations and FCA rules.
Protection Against Fraud
MF Financial Ltd uses internal controls to reduce the risk of fraud, including secure digital systems, encrypted communication channels, verification of bank details, restricted access to sensitive files, and monitoring of unusual patterns or requests.
Staff Training and Internal Controls
All staff and advisers are trained regularly on money laundering risks, identifying suspicious behaviour, FCA requirements and proper escalation procedures. We maintain a formal AML framework that includes a nominated Money Laundering Reporting Officer, internal reporting channels, ongoing compliance audits, and documented policies and procedures.
Working With Lenders and Third Parties
MF Financial Ltd only works with lenders, banks and professional partners that meet UK regulatory standards and maintain their own AML and counter-terrorist financing frameworks. We may share relevant client information with lenders as part of their own AML processes, always in accordance with data protection laws.
Your Role as a Client
To comply with AML regulations, we may require clients to provide up-to-date identification, supply financial evidence or documentation, explain the source of funds or wealth, and clarify corporate or trust structures. Providing accurate information promptly ensures your case can proceed without delay.
Contact Us
If you have any questions about this statement or our AML requirements, please contact MF Financial Ltd at info@mortgagefnd.co.uk or 020 3151 0813. Address: 128 City Rd, London EC1V 2NX, UK.