With the new ID verification (IDV) regime coming into force in the UK on 18 November, expert lawyers Emma Greville Williams, Greg Costello, and Bethany Carr answer your most commonly asked questions.
What is IDV, why is it happening and who will it affect?
Emma Greville Williams discusses the new identity verification process which is coming into effect in the UK.
How do I do IDV and what do I need?
Greg Costello discusses both ways you can register for IDV. As well as the cost, and the information you will need to present in order to register.
What are the differences in IDV for PSCs?
Bethany Carr discusses IDV for persons of significant control (PSCs).
What should we be doing to comply to IDV?
Our top takeaways:
- Make sure you know the deadline for your IDV, but in any event, we recommend completing this as soon as possible.
- Ensure you have all the necessary information and your ID documents, and keep a record of your personal code and keep it secure.
- If you are appointing new directors, make sure that they have had their identity verified before they’re appointed.
- Make sure your persons with significant control, known as PSCs, are aware of the identity verification requirements.
- If you have a new PSC coming on board, make sure that they are aware that they will have to undergo the IDV process.
What you need to know about ID verification
Find out more essential information on ID verification.
Find out moreContributors
Bethany Carr
Associate
Greg Costello
Legal Director
Emma Greville Williams
Practice Development Lawyer
Paul McLaughlin
Partner
