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Worldwide Business Centre Limited understands that an increase in paperwork will be needed to meet the requirements of the Regulations. This means that the nature of Company Formations is likely to change to some degree. It is our task to ensure that we do not make things more difficult than is absolutely necessary. To this end it is vital that we understand the following:-
- The Regulations clearly set out exactly how parties are to identify themselves to each other and what each party must do to verify those identifications.
- We must, then, request your assistance in meeting our joint responsibilities under these regulations by asking for:-
- Certified copy passport/photo id (eg, driving license, armed forces card) of the senior partner in your office.
- Certified copy utility bill or bank statement of the same person to verify his/her address
- Reference letter
- Confirmation of those persons in your office authorised to instruct Worldwide Business Centre Limited.
- An undertaking to confirm to us on request the identity of the ultimate instructing client in respect of any service we are requested to provide.
To help in meeting these requirements, please download a draft letter for transferring to your firm's letterhead, comple as indicated and return to us.
There are other agents working with variations on this theme and, sadly, some agents refusing to accept their importance. The Regulations are here to stay and we hope that by working with us we can all at least try to stay ahead of the game by taking a sensible lead and attempting to have reasonable procedures adopted by all parties.
We would also like to use the procedures and Regulations placed upon us to assist you wherever possible. At this end, we will maintain an accurate and updated register of all our due diligence papers and are happy to copy them back to you at any stage as and when other service providers and regulated intermediaries ask you for them.
Ultimately, increased regulation of company services will be beneficial to MAURITIUS in promoting itself as the jurisdiction of choice for clients around the world. Our aim is to ensure that we are not rail-roaded into accepting unreasonable procedures that make any such benefit impossible to attain. We would ask that you work with us to meet the requirements we are already working under and let us know how you feel we might improve things in the future.
Thank you very much for all your assistance in this matter and we look forward to hearing from you soon with the information requested
Money Laundering Reporting Officer, Worldwide Business Centre Limited.
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