AML/CFT customer due diligence: clubs and societies

Clubs and societies can take many forms and may vary in size and complexity. Examples include sporting clubs, social clubs, or other relatively informal clubs and interest groups, such as a motorcycle enthusiasts’ club.

The type of entity the club or society is will determine the customer due diligence (CDD) that is undertaken. A club or society may be one of a variety of types of entity, for example, a trust. Clubs and societies can be incorporated as protection for members, but this is not a legal requirement.

Download the customer due diligence: clubs and societies PDF.

Related

Download the Beneficial ownership guideline fact sheet, PDF