Money Laundering Prevent
.

What am I asked to do?
You may find that you are asked to confirm your identity and other personal details.  To safeguard the integrity of our system, your DT&T account will be subject to periodic transaction limits depending on your user status.

When?
You could be asked to confirm your identity whether you are applying to be a new customer or have been a customer for some time. While our identity verification systems are designed to minimise any inconvenience for you, the verification process can sometimes take several days to complete.

Why?
Crime and terrorism need cash. Criminals turn the "dirty" cash made from drug trafficking, smuggling, and robbery into clean money by using false identities or taking the names of innocent people - like you. Making sure that people are who they say they are is essential in the fight against crime and terrorism. This does not mean in any way that suspicion is falling on you. Any information about your identity is held confidentially and will help stop your identity being used falsely.

Who is involved?
HM Government and all organisations involved in financial services. All are united in their determination to stop the spread of financial crime as part of the international effort to crack down on financial crime - protecting us all against crime and terrorism.

United Kingdom Laws
The United Kingdom law requires us to monitor any unusual or suspicious transactions of any size, taking place where we have reasons to believe the money is derived from illegal activity.
It also requires us to keep full records of all transactions together with copies of identification provided. The Identification may be in the form of a passport, driver's licence, credit / debit card, bank /credit card statement and utility bill. We will not process any transaction where this information is withheld.

DT&T have a legal obligation to report to Customs and Excise any such suspicious transactions. The definition of a suspicious transaction is one that raises "an unconfirmed belief" or "a fleeting inkling".

Right to refuse and investigate transactions
DT&T reserves the right at all times to refuse to process any transfers at any stage, which it believes in its sole discretion, is connected in any manner to money laundering activity or other unlawful purpose.

Reporting procedures
There is a statutory obligation on all DT&T employees to report suspicious transactions to the Authorising Centre.