AML Checks for Estate Agents & more
Estate agents are prime targets for money launderers. Buying and selling property is a common method of facilitating the illicit flow of 'dirty money' - therefore estate agents have a obligation to carry out effective client identification and AML checks.
AML compliance for estate agents has tightened as changes to the Anti-Money Laundering (AML) Regulations mean that UK-based Estate Agents who assist clients to buy or sell UK or overseas property must comply with the regulations and register with HMRC.
Optimise your compliance procedures by implementing Veriphy's AML and KYC electronic solutions in order to ensure your agency is in line with the law.
Our AML checks are fast. With an average turnover time of just 3 seconds - we can ensure you stay compliant without slowing down sales.
Instant Verification of Customers
Stay fully compliant and validate documents via our money laundering checks which include an automatic, global screen against the PEP & Sanctions list.
Optimise Client Onboarding
Streamline your client onboarding procedures in order to promote growth and improve client retention rates.
Our on-demand compliance model allows you to closely align use with risk management expenditure. We invoice monthly ensuring you only pay for the checks you use
Always Robust & Secure
Protect your business with our PEP & Sanctions alert system which can screen your clients periodically on a weekly or monthly basis.
Loving your company's services! I switched to you from another provider, and what you deliver is much better, and your web interface is so much simpler to use.
I absolutely love it. I can't believe how easy it is to use and how user friendly it is in its format.
Love it – very happy client as well as we can now speed up the process by 4 days for him.
The system was extremely easy to set up and we were up and running with it very quickly… It made a refreshing change to be in that position so quickly.
This is very user friendly – brilliant! I wish I’d discovered this at the start of trading.
Very clear & simple. Used it, without reading the manual of course, just to give it a try. Excellent service.
I have just used Veriphy for the first time. It is excellent – so much easier than chasing old passports and utility bills that are sent by email.