Property Smart – Required Documentation for AML Compliance

Stay informed about the necessary documentation for AML compliance to ensure a seamless property transaction.

Key Requirements:

Key Requirements:

1. Proof of Identity

• Valid Passport, Driver’s License, or National Identity Card.

2. Proof of Address

• Recent utility bill (within 6 months), bank statement, or income tax bill.

3. Proof of Source of Funds

• Bank or investment statements (last 6 months), recent pay slips, property sale documents, inheritance paperwork, or a notarised gift/donation letter.

4. Proof of Funds for Deposit

• Deposit receipt at the Promise of Sale stage or transfer documentation.

5. Proof of Business (if purchasing via a company)

• Company registration, ownership structure, and recent corporate bank statements.

6. Enhanced Due Diligence (High-Risk Transactions)

• Additional KYC forms, declarations, or due diligence questionnaires may be required.

Tips for Smooth Compliance:

Prepare Early: Gather documents in advance.

Stay Updated: Ensure all documents are current.

Seek Advice: Consult with the Compliance Department if needed.