Property Smart: Preparing Your Property for AML Checks as a Vendor or Landlord

Get your property ready for AML compliance checks with these helpful tips:

Engage with Reputable Professionals

Property Consultant: Choose property consultants or property managers experienced
in AML compliance. They will guide you through the requirements and ensure you
and the buyer or tenant meet the necessary regulations.

Legal Advisors: Consult with legal advisors or solicitors specialising in property
transactions and AML compliance. They can provide tailored advice and handle
documentation on your behalf.

Know What Information and Documents You will Need.

a) Proof of Ownership: You must have documentation clearly proving your ownership
of the property. This includes the title deed and any relevant contracts or
agreements.
b) Identity Verification: Be prepared to verify your own identity and that of any co-
owners. This typically requires a valid passport, driver’s license, or national
identity card.

c) Proof of Address: You will need documents showing your current address, such
as a utility bill, bank statement, or government-issued correspondence.
d) Property Information: In some cases, you might be required to Prepare detailed
information about the property, including any existing mortgages, liens, or
encumbrances.