Money laundering and the law

Seller / Probate

Change

When are checks required?

AML and Identity checks are required for all named legal owners when you sign our Terms of Business.

Confirming Identity

When assisting with the transaction of a deceased person’s estate, please provide ONE of the following:

OPTION 1: A copy of the Grant of Probate/ Letter of Administration
OPTION 2: A regulated solicitor to confirm the names of all executors/ administrators, that grant of probate has been applied for, when it is expected, and they will forward a copy of the grant of probate upon receipt.
OPTION 3: A full copy of the deceased’s will and a copy of the death certificate

In the case of a probate, we need to identify:

All listed executors

We utilise a software application known as Thirdfort to complete identity checks on any individual we are required to verify. Thirdfort will confirm their identity, their address, 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 info here.

You can find more information in our AML Policy.