Are you looking to buy property at auction? Here’s what you need to know about AML checks at a property auction.
These requirements protect you and ensure compliance. Every buyer must complete a strict verification process before bidding. This can prevent costly delays related to AML checks required for property auction transactions. Early registration is crucial;
don’t wait until the last minute!
You’ll need to prepare valid ID and documentation for source of funds. Incomplete submissions may risk your participation. But don’t worry!
Our compliance team at Palace Auctions is here to help. We provide personalised guidance to ensure smooth verification, which includes all necessary requirements connected with the regulations.
| Anchor Text | URL | Purpose |
|---|---|---|
| Browse current London property auction listings | /property-auctions-2026/ | Promote listings & encourage registration |
| Complete beginner’s guide to property auctions | /beginners guide to auctions/ | Educate first-time buyers & build confidence |
| Anchor Text | URL | Authority |
|---|---|---|
| HMRC Money Laundering Regulations for Estate Agents | https://www.gov.uk/government/publications/money-laundering-regulations-2007-supervision-of-estate-agency-businesses | UK Government |
| Propertymark AML Compliance Guidelines | https://www.propertymark.co.uk/policy/money-laundering-regulations.html | Industry Body |
| OFSI Financial Sanctions Requirements | https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation | UK Government |
| NCA Suspicious Activity Reporting | https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/money-laundering-and-illicit-finance/suspicious-activity-reports | National Crime Agency |
Act now! Get started with your registration today and secure your spot in upcoming property auctions, fully informed about AML checks and procedures.
Visit Palace Auctions for support and information.
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