Round Box Estates Ltd is committed to preventing money laundering and the financing of terrorism. We comply fully with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and all subsequent amendments.
Our Obligations
As an estate agent, we are required by law to carry out due diligence checks on our clients. This means that before we act for you in the sale, purchase, or letting of a property, we are required to verify your identity.
Identity Verification
We will ask you to provide original documents to verify your identity and address. Acceptable forms of identification include:
- Passport
- Photocard Driving Licence
- National Identity Card
Acceptable proof of address documents (dated within 3 months) include:
- Utility bill (gas, electricity, water)
- Bank or building society statement
- Council tax bill
- HMRC correspondence
Source of Funds
We may also need to verify the source of funds being used in a property transaction. This is a legal requirement and helps us to ensure that property transactions are not being used to launder money.
Reporting Obligations
If we have reason to suspect that a transaction involves money laundering or terrorist financing, we are legally obliged to report this to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR). We are unable to inform you if such a report has been made.
Record Keeping
We are required to keep records of all identification and verification documents for a period of five years following the end of our relationship with you.
Contact
If you have any questions about our Anti-Money Laundering Policy, please contact us at info@roundboxestates.co.uk.
