Professional indemnity insurance
Cubism Law has worldwide insurance with AXIS Specialty Europe SE. The registered office of our insurer is 4th Floor, Plantation Place South, 60 Great Tower Street, London, EC3R 5AZ, United Kingdom.
Money laundering, bribery, corruption and tax evasion
The UK has strict anti-money laundering laws which require solicitors to take various steps to guard against money laundering and anti-terrorist financing. Under these regulations, we are required to conduct client due diligence enquiries on each new client and persons connected with them and to conduct ongoing monitoring of existing clients. This means that we will need to (a) verify your identity (and the identities of any beneficial owners) and to (b) obtain information on the purpose and intended nature of your relationship with us including, where necessary, your source of wealth and funds. You must provide us with all the information we need for these purposes promptly. We may also obtain information about you for these purposes from third party information providers.
The firm has internal procedures to ensure that any suspicions of money laundering and terrorist financing are reported to the appropriate authorities where there is an obligation to do so, notwithstanding our normal duty of confidentiality. If this happens, we will not be able to inform you that a disclosure has been made or of the reason for it because the law prohibits “tipping off”. We accept no liability for any loss, damage, costs or expenses that you incur by reason of such disclosure.
We aim to conduct our clients’ matters to the highest ethical standards. We will never knowingly commit, or advise or assist a client or someone acting on behalf of a client to commit, an illegal act, including, without limitation, bribery, corruption or tax evasion.
Financial Services and Markets Act 2000
We are not authorised by the Financial Conduct Authority under the Financial Services and Markets Act 2000. However our services may sometimes involve regulated activities relating to investments within the meaning of the Act. We are only able to provide services which are incidental to our legal services (such as arranging or advising) or can be regarded as a necessary part of them. In doing so we are regulated by the SRA. No communication from us is intended or should be construed as advising on the merits of acquiring or disposing of any particular investments or an inducement to engage in any investment activity.
Although we are not authorised by the Financial Conduct Authority, we are included on the register of exempt professional firms maintained by the Financial Conduct Authority so that we can carry out insurance mediation activity. This is broadly the advising on, selling and administration of insurance contracts. The register can be found on the Financial Conduct Authority’s website at http://www.fca.org.uk/
Provision Of Service Regulations 2009
In accordance with the regulatory requirements of the Provision of Services Regulations 2009, Cubism has professional indemnity insurance with Axis Specialty Europe SE, 4th floor, Plantation Place South, 60 Great Tower Street, London EC3R 5AD.