How we Ensure your Cask Investment is Protected
Purchasing a cask of whisky can represent a significant investment. You want total assurance that your assets will be safe and secure. At London Cask Traders, we make security our top priority
In just a moment, we will provide an in-depth look at the robust measures we take to safeguard our client’s investments. You can trust us to treat your hard-earned money with the utmost care.
Why Our Security Protocols Matter
Whether you’re acquiring casks for personal enjoyment, business endeavours, or preparing for potential shortages, full protection is paramount. We adhere to all relevant UK regulations and exceed minimum requirements.
Through rigorous vetting, partnerships with reputable suppliers, obtaining coveted certifications, utilising state-of-the-art security systems, and more, we’ve built ironclad protocols to make sure you are protected from the moment your cask is filled, to the time your cask is bottled.
Now, let’s explore the specifics:
Vetting Clients to Prevent Financial Crimes
We implement a rigorous vetting process for all potential new clients to prevent fraud and money laundering. This includes identity verification, background checks, and cross-referencing global watchlists for any red flags.
We are required to undertake these measures by HMRC.
Ongoing monitoring ensures we only transact business with individuals and companies that meet our strict standards. As a client, you can feel assured our due diligence protects the entire London Cask Traders community.
Gaining HMRC’s Trust Through WOWGR
As a whisky cask brokerage, gaining HMRC’s trust is critical. That’s why we pursued our WOWGR registration.
WOWGR stands for Warehousekeepers and Owners of Warehoused Goods Regulations. It certifies compliance with HMRC guidelines for buying, storing and selling whisky casks.
HMRC has stringent regulations and conducts surprise inspections to ensure whisky barrels are properly tracked and taxed. WOWGR registration demonstrates our operations are fully above board.
Achieving WOWGR Certification
We worked closely with compliance experts to implement protocols needed for WOWGR. This included establishing robust financial crime prevention programs, secure client data systems, and transparent cask tracking practices that satisfy HMRC requirements.
By satisfying HMRC’s high standards, we gained WOWGR registration. This shows clients our commitment to compliance and protecting their investments with us. HMRC trusts us to operate ethically, keep accurate records, and pay all excise taxes.
Our WOWGR certification required months of dedicated effort, but was essential to demonstrate our integrity and industry leadership. Clients can feel confident their casks are in good hands.
Partnerships with Reputable Suppliers
We exclusively collaborate with distilleries, warehouses, and other suppliers that adhere to all HMRC regulations. Our partners utilise approved cask tracking systems, undergo routine audits, and meet licensure requirements.
By partnering solely with suppliers that satisfy HMRC’s stringent standards, you can relax knowing your casks are secure throughout the distillation and maturation process. We oversee every step.
State-of-the-Art Data Security
Protecting sensitive client data is hugely important. Our systems utilise cutting-edge protocols that exceed common security standards. We invested substantially in a fully paperless office infrastructure and custom-built encrypted CRM.
Automated controls remove manual handling of information, while advanced protections and audit trails safeguard your data at all times. You can rest easy knowing your data is locked down.
The Bottom Line
At London Cask Traders, security is our top priority. We’ve worked tirelessly to implement rigorous protocols that meet and exceed industry standards. Our coveted WOWGR certification, thorough client and supplier vetting, state-of-the-art data security, and more demonstrate our commitment to shielding your assets.
When you choose to invest with London Cask Traders, you can feel confident that your casks are in the safe hands of a reputable broker with integrity. We’ve established compliance programs, partnerships, and security measures specifically to earn that trust.
If you’re ready to explore how cask ownership can fit into your portfolio, get in touch today. We would love to discuss how London Cask Traders can help you invest in this exciting market both safely and securely.