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.
Key Benefits
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.
Flexible Compliance
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.
