Anti-Money Laundering Document Requirements

This page details the requirements that John D Wood & Co. are subject to, following the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

This page details the requirements that John D Wood & Co. are subject to, following the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

The industry in which John D Wood & Co. operates is subject to the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 and all subsequent directives. Accordingly, John D Wood & Co. have a legal obligation to ascertain the ultimate beneficiaries of our business transactions through customer due diligence and as such, our clients will be asked to provide supporting documentation upon instruction to verify proof of identity and address. This enables us to identify who we are transacting with, and if necessary the source of finance and wealth. This process will be carried out on all sellers and buyers, and where applicable on landlords and tenants (Where the monthly rent of an individual property yields an income of £8,000.00 or greater). All clients we engage with will be screened against relevant sanctions lists. If you are a sanctioned person under the UK sanctions regulations please inform your Branch Manager. You will be given the opportunity to provide your ID and address remotely via a secure App. If this is not your preferred choice we will require sight of primary and secondary identification documents, alternatively we can accept solicitor certified copies. (The same ID document(s) cannot be used as a primary and secondary document even if it appears on both lists).

 

We will not accept the instruction of those who refuse to comply with the above.

In the event that we are instructed to let or sell the property by a client that is not an individual, further documentation will be required as set out below.

Please note that in all cases, we will not accept documentation outside of its valid dates.