Property Buying Anti-Money Laundering Guidance
Anti-Money Laundering and Property Sales
At Symonds Taylor, we take your security seriously. Like all estate agencies, we follow strict regulations set by HMRC, including the Money Laundering Regulations 2017, Criminal Finances Act 2017, Proceeds of Crime Act 2002 (POCA), and the Economic Crime (Transparency and Enforcement) Act 2022. This means we need to carry out thorough checks to verify your identity and understand your needs.
We will conduct detailed Know Your Customer (KYC), Identity Verification (IDV), and Client Due Diligence (CDD) checks for all our clients, as well as Know Your Customer Business (KYCB) checks when necessary. We also need to identify any beneficial owners involved in the transaction. In some cases, we might ask for information about the source or destination of funds.
This process is essential to keep everything safe and secure, and without it, we can’t proceed with any work on your behalf. Rest assured, Symonds Taylor is here to ensure everything runs smoothly while keeping you and your transactions protected.
Read What Our
Customers Say
You need an experienced team on your side
Thoroughly professional people. Sound advice provided with cool-headedness and patience during the protracted process of getting the buyer to perform
Mr Reed
Rob was great
We met Rob when viewing one of your properties and as a result of meeting him made the decision to sell ours. He was highly professional, approachable, reassuring and willing to help with any questions we had along the way. Never was he pushy or sales oriented and I actually felt that I could trust him. This most definitely can’t be said of most estate agents I’ve dealt with over the years so well done Rob and therefore Symonds Taylor
Ms Oliver
Rob’s Dream Team
Friendly and professional. Quick to act on any points of concern. Honest and timely communication. Thanks to Rob and his team in the Jesmond office.
Ms Kester
