Anti-Money Laundering (AML) Statement

Effective Date: August 2025

As commercial property agents operating in the United Kingdom, we are committed to full compliance with the Money Laundering Regulations 2017 (as amended) and the new AML rules effective from 14 May 2025. These regulations are designed to prevent the use of property transactions for money laundering and other financial crimes.

our aml commitments

We undertake the following measures to ensure compliance:

1.0 Customer Due Diligence (CDD):

• We verify the identity of all clients, including landlords, tenants, buyers and sellers
• For corporate entities, we identify and verify:
  • Persons with Significant Control (PSC) – individuals who hold more than 25% of shares or voting rights, or otherwise exercise control.
  • Ultimate Beneficial Owners (UBO) – individuals who ultimately own or control the entity, even if indirectly.

Enhanced due diligence is applied for high-risk clients or jurisdictions listed on the FATF “Call for Action” list.

2.0 Sanctions Screening:

• All parties are screened against the UK Sanctions List prior to any transaction.

3.0 Record Keeping:

• We maintain detailed records of all AML checks and supporting documentation for a minimum of five years following the end of the business relationship, in accordance with GDPR.

4.0 Suspicious Activity Reporting:

• Any suspicious transactions or behaviours are reported to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR).

5.0 Staff Training:

• All staff receive regular AML training to ensure awareness of red flags and compliance procedures.

6.0 Use of Technology:

• We employ secure digital verification tools to enhance the accuracy and reliability of identity checks.

7.0 Red Flags We Monitor:

• Refusal to provide ID or proof of address
• Inconsistencies in documentation
• Requests to pay in large cash amounts
• Use of offshore accounts or third-party payees
• Lack of proof of property ownership

8.0 Customer Obligations

To comply with UK AML regulations, all clients must:

• Provide valid photo identifications and proof of address when and how requested
• Disclose full details of ownership structures, including PSCs and UBOs
• Cooperate with any requests for additional documentation or clarification
• Avoid using third party payees or offshore accounts without full disclosure and justification

Failure to comply with these obligations may result in delays, refusal to proceed with transactions, or mandatory reporting to authorities.

9.0 Penalties for Non-Compliance

Non-compliance with AML regulations—by either the agent or the customer—can result in:

• Civil penalties and substantial fines
• Business restrictions or licence revocation
• Criminal prosecution, with penalties of up to seven years imprisonment.

We take our AML responsibilities seriously and strive to maintain the highest standards of integrity and transparency in all property transactions.

For further information, please contact our Compliance Officer.