Podcast | Auction | The Property Market | Buying at Auction | Selling at Auction

Podcast: Safeguarding Transactions and the Unconditional Contract: Why AML Matters

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In this episode, we delve into the role of Anti-Money Laundering (AML). Tune in to learn how Allsop protects clients, delivers the benefit of unconditional auction contracts, and prevents illicit financial activities.

Richard Adamson and George Walker, Allsop Auctioneers are joined by Jim Bridges, Allsop Head of Risk and AML lead in safeguarding buyers and sellers that compete in the auction market - and across the wider business.

This podcast is an insight into the why, and the how, of AML and in what way it helps understand and protect investors in the market. Richard and George also touch on their respective auction markets and how they are evolving.

Allsop transact over 3,000 sales a year and the AML process is necessary to safeguard transactions. The AML team at Allsop use a combination of technology, systems and human insight to keep our clients safe from the risks of financial crime, whilst preserving what is central to the auction process - the unconditional contract.

With Institutional Funds, Listed REITs and Propcos all part of the seller line up alongside private sellers, keeping ahead of risk developments and thinking about our client facing processes, everyone benefits including the buyers, 12,000 of whom were cleared to send funds last year.

The podcasts presented here are for general guidance and represents opinions of our teams based on the property market at the time of recording. All details are correct at time of recording.

If you would like to view a transcript of the podcast please click here


Want to know more or would simply like some advice?

We hope you find this podcast useful. If you want to know more about topics covered in this podcast or perhaps some advice on Central London real estate or valuations, then please get in touch.

George is a Partner and Auctioneer in the Commercial Auction Team . He has been an auctioneer for over 25 years and has had a hand in selling over £6 billion of commercial real estate.

Richard is a Partner and Auctioneer in the Residential Auction Team. He oversees the sale of a wide range of asset types across the residential sector.

Jim is the Head of Anti-Money Laundering (AML) and helps to safeguard buyers and sellers in the auction market and across the wider business at Allsop.

George Walker

Partner & Auctioneer Commercial Auction

Richard Adamson

Residential Managing Partner Residential Auction

Jim Bridges

Head of Anti-Money Laundering Business Operations

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