Last Updated: 12 Janaury 2026
BoringAccounting is committed to protecting your privacy and handling your personal data securely and transparently. This Privacy Policy explains how we collect, use, store, and protect your information when you use our website and services.
1. Purpose of This Policy
This policy sets out how BoringAccounting prevents, detects, and reports money laundering and terrorist financing, in compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the Regulations”).
BoringAccounting is committed to acting with integrity and taking proportionate steps to reduce the risk of financial crime.
2. Our Business & Risk Profile
BoringAccounting provides one-off accounting clean-up and value creation insight services to UK-based, owner-operated home service businesses.
Risk assessment
• Client base: UK SMEs, trade and home service businesses
• Services: One-off clean-ups and insight reviews
• Geography: UK only
• Payment methods: Stripe only
• No cash handling
• No client funds held
Overall AML risk level: Low
Given the low-risk profile, BoringAccounting applies simplified due diligence, where appropriate.
3. Responsibility for AML Compliance
The Nominated Officer is responsible for:
• AML compliance
• Client due diligence
• Risk assessments
• Record keeping
• Submitting Suspicious Activity Reports (SARs), where required
4. Client Due Diligence (CDD)
When CDD is carried out
CDD is completed before any regulated service is delivered and before access to client financial data is granted.
What we collect
For business clients:
• Business name and registration number
• Registered address
• Nature of business
• Director / owner name
For controlling individuals:
• Photo ID (passport or driving licence)
• Proof of address (if required)
Verification
Identity is verified using:
• Documents provided by the client
• Publicly available records (e.g. Companies House)
5. Enhanced Due Diligence (EDD)
Enhanced due diligence may be applied where:
• Information is inconsistent or unclear
• The business structure is unusually complex
• There are concerns about legitimacy
EDD may include requesting additional documentation or declining the engagement.
6. Ongoing Monitoring
Given the one-off nature of services, ongoing monitoring is limited to:
• Reviewing information provided during delivery
• Being alert to unusual or suspicious activity
7. Suspicious Activity & Reporting
If money laundering or suspicious activity is suspected:
• No tipping-off will occur
• The matter will be reviewed by the Nominated Officer
• A Suspicious Activity Report (SAR) will be submitted to the National Crime Agency (NCA) if required
All staff and contractors must escalate concerns immediately.
8. Record Keeping
The following records are retained:
• Client due diligence information
• Risk assessments
• Engagement records
Records are retained for at least 5 years after the end of the client relationship, in line with regulatory requirements.
9. Staff & Contractors
Where delivery partners or contractors are used:
• They operate under BoringAccounting’s supervision
• They do not carry out AML decisions
• They are contractually required to comply with this policy
• AML responsibility remains with BoringAccounting
10. Training
The Nominated Officer ensures appropriate AML awareness is maintained. Given the size and nature of the business, training is proportionate and refreshed as required.
11. Review of This Policy
This AML Policy is reviewed:
• At least annually
• Or sooner if services, risk profile, or regulations change
12. Contact Us
If you have any questions or concerns regarding this AML Policy, please contact Dan at: dan@boringaccounting.co.uk
