Anti-Money Laundering

AML for Property Developers and Estate Agents

The launch of the 4th Anti-Money Laundering Directive (also known as The Money Laundering Regulations 2017) provided clarity on guidance for Property Developers/Estate Agents. Due to the regulations now in force, simplified client due diligence is no longer applicable in most circumstances and firms are required to complete more in-depth ID verification, including global/domestic politically exposed persons (PEP) check.

Vistra AML e-Verification services are designed to comply with the latest AML legislation, this service gives our clients instant access to accurate information to make sure that the person or business they are acting for is really who they say they are. We have been working with Legal and Accountancy practices for over a century making us one of the most trusted providers in the industry.

Amanda Barnes, Head of ID & Fraud Services, fully understands the implications of the 4th Money Laundering Directive from a legal perspective concerning property development in the UK and overseas, and how to incorporate due diligence systems into existing work flow practices.

Helen Basgallop Senior Advisor for AML & Compliance, has worked alongside the UK top legal and accountancy practices, advising on the implications of the 4th Money Laundering Directive. Helen has extensive knowledge of AML & Compliance procedures and systems and is key in helping Vistra’s clients integrate solutions into existing procedures.

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