Should agents be obtaining evidence of the legal ownership for a seller and is it a legal part of Anti Money Laundering (AML) regulations? Compliance Officer for The Guild of Property Professionals, Paul Offley, says that while it is an AML requirement to identify the legal/beneficial owner, obtaining a copy of land registry documents is not specifically mentioned in the legislation, although it is certainly something which HMRC recommend as best […]
The post Why Establishing True Ownership is Important for Agents appeared first on PropertyWire.