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Know Your Customer (KYC) & Client Due Diligence

Terms and Conditions

1. Who We Are

These Terms and Conditions apply to Williams & Smithells International Ltd (“we”, “us”, “our”), a yacht brokerage and advisory business operating in accordance with applicable UK regulations.

Williams & Smithells International Ltd is the data controller for the purposes of UK data protection legislation.

2. Purpose of Information Collection

We are required by law to carry out Know Your Customer (KYC) and Anti-Money Laundering (AML) checks before establishing a business relationship with you or holding funds on your behalf in a client account.

By completing our KYC form, you acknowledge that the information requested is necessary to:

  • Verify your identity

  • Verify your residential address

  • Assess source of funds and/or source of wealth where required

  • Comply with applicable UK and international AML, counter-terrorist financing, and financial-crime regulations

3. Information You Must Provide

You agree to provide information that is:

  • True, accurate, complete, and up to date

  • Supported by valid documentary evidence where requested

This may include, but is not limited to:

  • Proof of identity

  • Proof of residential address

  • Information relating to the origin of funds

  • Additional information requested by our compliance partners or banking providers

Failure to provide satisfactory information may result in delays or our inability to act on your behalf.

4. Use of Your Personal Data

The personal information you provide will be used solely for compliance, regulatory, and risk-management purposes, including:

  • Identity verification

  • Financial crime prevention

  • Compliance with legal and regulatory obligations

Your personal data will not be used for marketing purposes unless you have separately and expressly consented to this.

5. Data Sharing with Third Parties

To carry out our legal and regulatory obligations, we may share your information with:

  • Regulated financial institutions

  • Banks operating or holding our client accounts

  • Identity verification and compliance service providers

  • Regulatory bodies or law-enforcement authorities, where legally required

All third parties are required to process your data securely and in accordance with applicable data-protection laws.

6. Data Storage and Retention

Your personal information will be stored securely and retained only for as long as necessary to:

  • Fulfil our legal, regulatory, and contractual obligations

  • Satisfy audit, reporting, and compliance requirements

This may include a statutory retention period following the end of our business relationship, in line with AML regulations.

7. Refusal, Suspension, or Termination of Services

We reserve the right to:

  • Decline to act for you

  • Suspend or delay transactions

  • Refuse to hold or continue holding funds in a client account

where we are unable to complete our KYC and AML checks to a satisfactory standard, or where required by law, regulation, or our banking partners.

8. Your Rights

You have rights under UK data-protection legislation, including the right to:

  • Request access to your personal data

  • Request correction of inaccurate or incomplete information

  • Request deletion of personal data where legally permissible

Requests should be made by contacting us using the details provided on our website.

9. Declaration and Consent

By submitting the KYC form and selecting the consent checkbox, you confirm that:

  • You have read and understood these Terms and Conditions

  • The information you have provided is accurate and complete

  • You consent to Williams & Smithells International Ltd collecting, using, storing, and sharing your personal information as described above for the purposes of KYC, AML, and client-account compliance