As with all Estate Agency Business Rettie is regulated by HMRC and subject to the Money Laundering Regulations 2017, Criminal Finances 2017, Proceeds of Crime Act 2002 (POCA) and the Economic Crime (Transparency and Enforcement) Act 2022.
This means that we are required to complete in-depth Know Your Customer (KYC), Identity Verification (IDV) Client Due Diligence (CDD) checks for all customers plus know your customer business (KYCB). Additionally, we are also required to establish whether there are any beneficial owners on whose behalf the transaction or activity is taking place.
In certain circumstances, the source or destination of funds may also be requested. Without this information we will be unable to proceed with any work on your behalf.