Anti Money Laundering Regulations
Information for sellers
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) and Know Your Client (KYC) checks.
We will need to confirm the identity of:
- The seller/vendor;
- If different from the seller/vendor, the agent acting on their behalf;
- If different from these parties, any other counterparty acting.
If you act as the agent or representative of the seller/vendor, you will need to provide written evidence of authority to act in that capacity from the seller/vendor.