The Money Laundering Regulations 2007 obligates estate agents to implement procedures to prevent money laundering, by confirming the identity and / or identities of all vendors / sellers, landlords and buyers of property.
This means we are legally obliged, under the Money Laundering Regulations, to have a signed copy of Terms and Conditions on file, be it for the Sale, Letting or Acquisition of a property on behalf of the client and / or clients, together with proof of address (official utility bill or official bank statement) and ID (passport or drivers License) and proof of ownership (official freehold or leasehold document) for vendors / sellers and landlords.
Meaning of customer due diligence measures
Regulation 5 : "Customer due diligence measures” means—
Money Laundering Regulations – Our Responsibilities:
Stonelink International (London) Limited | Money Laundering Regulation Registration Number: 12746893