1. Policy Statement
60 Property Limited is committed to preventing money laundering and terrorist financing in accordance with the Money Laundering Regulations 2017.
2. Scope
This policy applies to:
- Property deal sourcing
- Introductions between landlords, investors, and operators
- Rent-to-rent and contractor let arrangements
3. Risk Assessment
As a small, UK-based, single-director company, our overall AML risk is considered low to medium. Higher risk may arise from:
- High-value transactions
- Overseas clients
- Complex ownership structures
4. Customer Due Diligence (CDD)
Before entering into any agreement, we will obtain and verify:
- Photo ID (passport or driving licence)
- Proof of address (utility bill/bank statement)
- Company documents where applicable
Enhanced Due Diligence will be applied where higher risk is identified.
5. Record Keeping
All AML records are retained for at least 5 years.
6. Reporting Suspicious Activity
Any suspicious activity will be reported to the National Crime Agency (NCA) via a Suspicious Activity Report (SAR).
7. Responsibility
The Director of 60 Property Limited is the Nominated Officer responsible for AML compliance.