Anti Money Laundering Regulations
Information for bidders and buyers
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the ML Regulations”) we must complete Client Due Diligence (CDD) on our clients. This may include Identification and Verification (ID&V), Know Your Client (KYC) and Source of Funds (SoF) checks.
We will need to confirm the identity of:
- The successful buyer;
- If different from the buyer, the successful bidder;
- If different from either of these parties, the provider/s of funds for deposit and/or buyer’s fee if appropriate.
If you bid as the agent or representative of the buyer, you will need to provide written evidence of your authority to act in that capacity from the buyer.