AML checks

AML within the property industry: Why The Two Tier Approach?

Each year there are over 1.5 million homes listed for sale in the UK and the potential sellers of each all require anti-money laundering checks - often there’s more than one check per property in the case of joint ownership.

Since June 2017 property buyers, at the point that an offer is accepted, are required to provide identification for the purposes of the agent carrying out such...