As a UK estate agency involved in property sales, we are legally required to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

We are registered with HM Revenue & Customs (HMRC) and operate robust policies and procedures designed to help prevent money laundering, terrorist financing, and other financial crime. Property transactions are recognised as a high‑risk area, and we take our obligations seriously. [gov.uk]

What This Means for Clients

Before we can proceed with the sale or purchase of a property, we are required by law to carry out Customer Due Diligence (CDD) checks.

This means we may need to request:

• Proof of identity
• Proof of address
• Information relating to the source of funds
• Additional verification where a transaction is deemed higher risk

We cannot progress a transaction until these checks have been satisfactorily completed.

Risk‑Based Approach

In line with HMRC guidance, we apply a risk‑based approach to AML compliance, which takes into account:

• The nature of the transaction
• The parties involved
• The value and complexity of the sale
• Geographic risks and funding methods

Where appropriate, Enhanced Due Diligence (EDD) may be required. [gov.uk]

Reporting Obligations

If we identify any activity that gives cause for concern, we are legally обязан to submit a report to the National Crime Agency (NCA).

Please note:

• We are prohibited by law from informing clients if a report has been made
• This does not imply wrongdoing, but reflects statutory reporting duties

Data Protection

Any personal information obtained as part of AML checks is handled in accordance with UK data protection legislation and our Privacy Policy. Information is retained only for the period required by law.