Our Blogs on  Anti Money Laundering (AML)

When Does a Solicitor Check Proof of Funds?

Have you ever purchased a property before and had to hand over months' worth of bank statements? This can sometimes feel intrusive and a breach of privacy. But why do solicitors and conveyancers and others in the financial system ask you to provide this information? And when does a solicitor check proof of funds? Solicitors and […]

AML Checks for Estate Agents

Introduction Anti-money laundering (AML) regulations mean regulated businesses such as estate agents, law firms, and financial institutions, or any business within the financial sector must perform AML checks on new clients. AML checks for estate agents are essential as real estate transactions are a widespread form of money laundering; this puts something called black funds […]

What Happens If You Have No Photo ID For Solicitor Checks?

Introduction You would have had to prove your identity if you had previously used the services of a regulated business, such as a solicitor, real estate agent or any legal service or practice. This would have been done in the form of you supplying a photo ID like a passport or a driving licence.  But what […]

Anti-Money Laundering Checks When Buying a House

Buying a first or new property can be an exciting but very stressful time for first-time buyers and homeowners, especially when doing through anti-money laundering checks when buying a house. One of these stresses is the continuous back and forth with estate agents, solicitors and financial institutes, supplying documents and identification such as driver's licence […]

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