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COMPANY CLIENT DUE DILIGENCE STATEMENT

C residential are fully committed to fulfilling its obligations under the Money Laundering Regulation 2017, the Proceeds of Crime Act 2002, the Terrorism Act 2000 and any other relevant legislation.

Procedures and policies are in place to ensure that we are fully compliant with our legal requirements.

Sellers

We are required, by law, to check the full name, date of birth and address of all sellers.

C residential carries out client verifications checks prior to the commencement of full marketing of the property. We will make checks on an on-going basis as appropriate.  In order to verify the information sellers provide we will make enquiries about you with a credit reference/fraud prevention agency.  This will include information from the electoral role. The other agencies will record the details of the search but this will not leave a ‘foot print’ on any personal credit history. Other parties may share this information in order to prevent fraud.

We will ask sellers to provide at least one original confirmation of their photographic identity (passport or driving licence) and a proof of residency.

Our own company Due Diligence Policy may also require you to provide us with Proof of Ownership or we may carry out a Land Registry Title Search.

Buyers/ Beneficial Owners

We are required, by law, to check the full name, date of birth and address of all buyers and beneficial owners at the point an offer is accepted.

We will ask buyers/beneficial owners to provide at least one original confirmation of their photographic identity (passport or driving licence) and a proof of residency.

Our own company Due Diligence Policy means that we will need evidence of the source of wealth and funds used in the transactions in which we are involved at the time an offer is made.

Money Laundering Audit

Any documents provided to us will be recorded and copies will be retained for audit purposes as part of our Money Laundering requirements for at least five years.

 

 

Revised March 2019