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
Symonds Taylor Made Our Move with a New Baby Stress-Free
You’ve made a stressful period in our lives so much easier. Having a baby and moving at the same time would not have been possible for us without you both and would have likely ended up in murder or divorce!
G Malhotra
Symonds Taylor Helped Us Secure Our First Home
Sofia and I cannot thank you and your team enough for all the work you put in to help us get our first home!
Courteous Team and Fair Pricing Made for a Positive Buying Experience
As a buyer of a property through Symonds Taylor (Rettie at the time) the team were courteous and easy to deal with. They had a reputation for fair pricing, which is how my purchase played out. All in all good experience.
A Houghton
Rob and Claire’s Expertise Secured Our Dream Home Amidst an 8-House Chain
Rob and Claire were excellent throughout our purchase, they helped us secure our dream house in Newcastle. Rob was instrumental in ensuring an 8-house chain successfully completed!
J O
Exceptional Service from Rob and Team Ensured Our Complex Move Succeeded
This is the second time we’ve sold with Rob and the team at Symonds Taylor (as formerly Rettie). We’ve always received a flawless service and felt at ease that we were in safe and experienced hands. Rob was quick at responding to all of our questions and was always available to reassure and guide us. Our recent move was unexpectedly complicated and without Robs proactive approach to keeping all parties up to date and moving things along I’m sure it would have fallen apart.
J Bradfield
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
