7 Jul

New Money Laundering Regulations for buyers and sellers

As of 26th June 2017 both buyers and sellers are required to provide full name, address and date of birth as well as original photographic evidence of identity as part of new money laundering regulations. Due diligence must also be carried out on all bidders at property and land auctions.

Further information about the new regulations can be viewed at:-

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/621780/EstateAgencyBusinesses_Guidance_pdf.pdf

 

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