AML (Anti Money Laundering Guide for Customers)

On 26 June 2017 the Money Laundering Regulations 2017 came into force in the UK. These regulations supersede the Money Laundering Regulations 2007 and subsequent amendments. As an estate agency we have obligations to carry out customer due diligence (CDD) on buyers and sellers and may request that identification documents are presented prior to marketing a property. Buyers must also be prepared to submit the required evidence and or authorise us to carry out online AML searches prior to any transaction taking place.

The legal obligations are designed to reduce the social and economic impact of organised crime and impede the transfer of money to support funding for terrorist organisations in the UK and around the globe. The regulations aim to ensure that companies have sufficient information to know who their customers are.

We have made this simple for all our customers via a simple in branch identification form and online customer checking services. This ensures the process is completed competently and swiftly. If you have any questions regarding the types of documents we require or the timescales involved in completing checks please don’t hesitate to contact us for further information.