Information for our Customers on Money Laundering Checks
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended 2019) (the MLRs) in addition to our Seller Clients, Buyers and Lessees are to be treated as our Customer for the purposes of the MLRs.
This means that we must carry out appropriate Customer Due Diligence Checks on all parties involved in a transaction and if you wish to buy/rent one of the properties we are marketing we are required to identify and verify in line with the MLRs.
Under the current restrictions of COVID-19 where we are unable to meet customers face to face, as a part of our anti-money laundering procedures and to engage in business with you, we will require you to send us a copy of your driving licence and participate in a video conference call.
The staff member carrying out identity check on a video call should have received a copy of the individual’s identity documents. On the call, the person will be asked to state their name, date of birth, first line of address, and to hold up their identity document so that it can be verified.
Please note that:
We reserve the right to refuse a party to purchase/let a property if we are not satisfied with the information provided and may request additional information.
We do not accept cash payments under any circumstances.
We will retain copies of any documentary evidence of ID provided and any personal data supplied will be processed only for the purposes of preventing money laundering or terrorist financing or as permitted under section 40 & 41 of the Money Laundering Regulations. This information will be kept on file for a minimum of five years.