Money laundering and the law
Seller / Individual
When are checks required?
AML and Identity checks are required for all named legal owners when you sign our Terms of Business.
Confirming Your Identity
We utilise a software application known as Thirdfort to complete identity checks on any individuals we must verify. Thirdfort will confirm their identity, their address and whether they are a politically exposed person, subject to sanctions and/or any adverse media which we must consider as part of the required customer due diligence process. You can find more information on Thirdfort here.
Please note that we must carry out the same checks on any third-party individual (including power of attorney) representing you in a transaction. You will also need to provide a letter of authority for them or a certified / registered power of attorney document (full copy).
Source of Wealth
We must establish the origin of your overall wealth – to support this, please fill out this source of wealth form.
You can find more information in our AML Policy.