Legal
Anti-Money Laundering Statement
Last updated: May 2026
Legal requirement. UK Anti-Money Laundering Regulations require us to verify the identity of all clients before proceeding with any property transaction. Your cooperation is required by law.
Our Commitment
Annan Properties complies fully with the UK Anti-Money Laundering (AML) Regulations, including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended. We take our legal obligations seriously and are committed to preventing money laundering and terrorist financing in all property transactions.
Our Legal Obligations
As part of our obligations under UK AML Regulations, we are required to:
- Verify the identity of all clients before proceeding with a transaction
- Request proof of address and valid photographic identification
- Understand the nature and purpose of business relationships
- Monitor transactions for suspicious activity on an ongoing basis
- Report any concerns to the relevant authorities where required by law
- Maintain records of all identification and verification checks
Who This Applies To
These requirements apply to all parties involved in property transactions handled by Annan Properties, including buyers, sellers, landlords, and tenants. We are required to carry out identity checks on all clients regardless of the value of the transaction.
Documentation Required
We may request original documentation or certified copies before proceeding with any property transaction. Acceptable forms of identification typically include:
Proof of Identity
- Valid passport
- UK driving licence (photo card)
- National identity card
Proof of Address
- Utility bill (within 3 months)
- Bank or building society statement
- Council tax bill (current year)
We may also request evidence of the source of funds in certain circumstances, in accordance with our risk-based approach to AML compliance.
Your Cooperation
Your cooperation is required to ensure compliance with UK law. We appreciate that providing personal documentation may feel intrusive; however, these checks are a legal requirement and are in place to protect all parties involved in property transactions.
Failure to provide the required documentation may result in delays to your transaction or, in some cases, our inability to proceed with the transaction at all.
Confidentiality
All information and documentation collected for AML purposes will be handled in accordance with our Privacy Policy and applicable data protection legislation. Your data will be used solely for the purposes of identity verification and AML compliance and will not be shared with third parties except where required by law.
Reporting Obligations
Annan Properties is legally obligated to report any knowledge or suspicion of money laundering or terrorist financing to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR). We are prohibited by law from informing any person that such a report has been made ("tipping off"). We are unable to proceed with a transaction whilst a report is under consideration.
Contact Us
For further information about our AML procedures or if you have any questions regarding the documentation we require, please contact us:
- Email: [email protected]
- Phone: 07966 457819
Related Policies
Questions about AML checks?
We are happy to explain what documentation we need.