{"id":29934,"date":"2025-10-28T10:47:44","date_gmt":"2025-10-28T09:47:44","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=29934"},"modified":"2026-02-05T12:34:40","modified_gmt":"2026-02-05T11:34:40","slug":"aml-checks-when-buying-or-selling-a-house-uk-guide","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/aml-checks-when-buying-or-selling-a-house-uk-guide\/","title":{"rendered":"AML Checks When Buying or Selling a House (UK Guide)\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"29934\" class=\"elementor elementor-29934\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2daf06c e-flex e-con-boxed e-con e-parent\" data-id=\"2daf06c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ccd28c elementor-widget elementor-widget-text-editor\" data-id=\"4ccd28c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Your client calls, frustrated: &#8220;We&#8217;re meant to complete Friday but the solicitor says they need more documents. The seller&#8217;s threatening to pull out. Can you help?&#8221;<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Property transactions collapse because of AML documentation gaps. When solicitors request additional evidence at the last minute, clients blame everyone involved including their accountant who &#8220;should have warned them.&#8221;<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">This guide explains MLR 2017 requirements for property transactions, what triggers enhanced due diligence, and exactly what documentation solicitors need.\u00a0<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0d48fb elementor-widget elementor-widget-text-editor\" data-id=\"a0d48fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 aria-level=\"2\"><span data-contrast=\"none\">Key Points Summarised for Busy Readers<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80}\">\u00a0<\/span><\/h2><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">All UK solicitors and conveyancers must conduct <\/span><a href=\"https:\/\/figsflow.com\/uk\/what-is-an-aml-check\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">AML checks<\/span><\/a><span data-contrast=\"auto\"> before handling property transactions under MLR 2017<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Property transactions receive enhanced scrutiny compared to standard accounting services due to high money laundering risk<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Solicitors <\/span><a href=\"https:\/\/figsflow.com\/uk\/acsp-how-can-accountants-prove-verify-clients-identity\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">verify identity<\/span><\/a><span data-contrast=\"auto\">, address, source of funds, and source of wealth for every party to the transaction<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Cash buyers face additional verification requirements including detailed source of wealth declarations<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Gift deposits require full verification of donors including their identity, address, and source of funds<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">Checks must be completed before contracts are exchanged, creating potential transaction delays<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">Missing or inadequate source of funds evidence is the primary cause of delayed property transactions<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><span data-contrast=\"auto\">FigsFlow enables solicitors to complete comprehensive property AML checks in under 5 minutes with automatic documentation<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bbad6a elementor-widget elementor-widget-heading\" data-id=\"3bbad6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Property Transactions Require Enhanced AML Checks <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-682b14e elementor-widget elementor-widget-text-editor\" data-id=\"682b14e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Money Laundering Regulations 2017 apply to all legal professionals, but property transactions receive heightened scrutiny that your accounting clients won&#8217;t experience in their relationship with you.<\/span><\/p><p><span data-contrast=\"auto\"> Solicitors and licensed conveyancers face civil penalties of up to \u00a35 million for the most serious breaches, though typical penalties are substantially lower. Personal penalties may also apply to compliance officers.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li><span data-contrast=\"auto\">Property transactions present specific characteristics that elevate money laundering risk under MLR 2017.<\/span><\/li><li><span data-contrast=\"auto\">High transaction values allow criminals to launder substantial sums in a single purchase.<\/span><\/li><li><span data-contrast=\"auto\">The UK property market accommodates cash buyers without triggering the same scrutiny as equivalent cash transactions in other sectors.<\/span><\/li><li><span data-contrast=\"auto\">Ownership through corporate structures or trusts can deliberately obscure who ultimately controls the property.<\/span><\/li><li><span data-contrast=\"auto\">International buyers purchasing UK property may use funds sourced from jurisdictions with weak financial controls.<\/span><\/li><li><span data-contrast=\"auto\">The National Crime Agency has reported that billions of pounds are estimated to be laundered through UK property, making residential and commercial conveyancing a priority enforcement area.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><b><span data-contrast=\"auto\">Property Transaction Risk Classifications:<\/span><\/b><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad1d9b2 bdt-hide-entries-on-mobile-yes elementor-widget elementor-widget-bdt-table\" data-id=\"ad1d9b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-table bdt-table-default-responsive \" id=\"bdt-table-ad1d9b2\">\n\n\n\t\t\t<!DOCTYPE html>\n<html>\n<head>\n  <style>\n    table {\n      border-collapse: collapse;\n      width: 100%;\n    }\n    th, td {\n      border: 1px solid black;\n      padding: 8px;\n      vertical-align: middle;\n    }\n    th {\n      background-color: #f2f2f2;\n      font-weight: bold;\n    }\n  <\/style>\n<\/head>\n<body>\n  <table>\n    <thead>\n      <tr>\n        <th>Transaction Type<\/th>\n        <th>Risk Level<\/th>\n        <th>Enhanced Requirements<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr>\n        <td>Standard residential purchase with mortgage<\/td>\n        <td>Low to Medium<\/td>\n        <td>Standard CDD, routine verification<\/td>\n      <\/tr>\n      <tr>\n        <td>Cash purchase (lower value)<\/td>\n        <td>Medium<\/td>\n        <td>Source of funds verification, basic source of wealth<\/td>\n      <\/tr>\n      <tr>\n        <td>Cash purchase (substantial value)<\/td>\n        <td>High<\/td>\n        <td>Enhanced source of funds and source of wealth, senior approval<\/td>\n      <\/tr>\n      <tr>\n        <td>Offshore buyer or funding<\/td>\n        <td>High<\/td>\n        <td>Beneficial ownership verification, enhanced due diligence<\/td>\n      <\/tr>\n      <tr>\n        <td>Property development or investment<\/td>\n        <td>High<\/td>\n        <td>Business purpose verification, detailed funding structure<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24b0d10 elementor-widget elementor-widget-heading\" data-id=\"24b0d10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who Gets Checked in a Property Transaction <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c684d1 elementor-widget elementor-widget-text-editor\" data-id=\"1c684d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW102834366 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW102834366 BCX8\">Every person or entity involved in a property transaction must be verified. This ensures compliance with anti-money laundering laws and confirms that all parties are legitimate. The table below sets out who is checked and to what extent.<\/span><\/span><span class=\"EOP SCXW102834366 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28363ac bdt-hide-entries-on-mobile-yes elementor-widget elementor-widget-bdt-table\" data-id=\"28363ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-table bdt-table-default-responsive \" id=\"bdt-table-28363ac\">\n\n\n\t\t\t<!DOCTYPE html>\n<html>\n<head>\n  <style>\n    table {\n      border-collapse: collapse;\n      width: 100%;\n    }\n    th, td {\n      border: 1px solid black;\n      padding: 8px;\n      vertical-align: middle;\n    }\n    th {\n      background-color: #f2f2f2;\n      font-weight: bold;\n    }\n  <\/style>\n<\/head>\n<body>\n  <table>\n    <thead>\n      <tr>\n        <th>Party Type<\/th>\n        <th>Identity<\/th>\n        <th>Address<\/th>\n        <th>Source of Funds<\/th>\n        <th>Enhanced Checks<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr>\n        <td>Individual buyer<\/td>\n        <td>Required<\/td>\n        <td>Required<\/td>\n        <td>Required<\/td>\n        <td>Applied if cash buyer or politically exposed person<\/td>\n      <\/tr>\n      <tr>\n        <td>Company buyer<\/td>\n        <td>Company verification<\/td>\n        <td>Registered office<\/td>\n        <td>Required, including business purpose<\/td>\n        <td>All beneficial owners verified<\/td>\n      <\/tr>\n      <tr>\n        <td>Individual seller<\/td>\n        <td>Required<\/td>\n        <td>Required<\/td>\n        <td>Sometimes<\/td>\n        <td>Required if property recently purchased<\/td>\n      <\/tr>\n      <tr>\n        <td>Guarantor<\/td>\n        <td>Required<\/td>\n        <td>Required<\/td>\n        <td>Required<\/td>\n        <td>Source of wealth checked for large commitments<\/td>\n      <\/tr>\n      <tr>\n        <td>Trustee<\/td>\n        <td>Required<\/td>\n        <td>Required<\/td>\n        <td>Trust deed verified<\/td>\n        <td>All trustees verified<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-283e617 elementor-widget elementor-widget-text-editor\" data-id=\"283e617\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW35532038 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW35532038 BCX8\">Under the Money Laundering Regulations 2017, solicitors must carry out these checks independently and cannot rely on information collected by other professionals or third parties.<\/span><\/span><span class=\"EOP SCXW35532038 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf9493a elementor-widget elementor-widget-heading\" data-id=\"bf9493a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Information Solicitors Must Collect &amp; Verify <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1c1037 elementor-widget elementor-widget-text-editor\" data-id=\"d1c1037\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW191864146 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW191864146 BCX8\">Solicitors must independently <\/span><\/span><a class=\"Hyperlink SCXW191864146 BCX8\" href=\"https:\/\/figsflow.com\/uk\/steps-to-complete-client-id-verification-figsflow\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW191864146 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW191864146 BCX8\" data-ccp-charstyle=\"Hyperlink\">verify identity<\/span><\/span><\/a><span class=\"TextRun SCXW191864146 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW191864146 BCX8\">, address, and the full source of funds for every property transaction, as required under the Money Laundering Regulations 2017.<\/span><\/span><span class=\"EOP SCXW191864146 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7836ba2 elementor-widget elementor-widget-heading\" data-id=\"7836ba2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Identity Verification <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2be1ed5 elementor-widget elementor-widget-text-editor\" data-id=\"2be1ed5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW79531382 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW79531382 BCX8\">Only official government-issued documents are accepted. These include a valid UK or international passport, a full UK photocard driving licence, a national identity card from an EEA country, or a biometric residence permit. Expired documents, birth certificates, provisional driving licences, and employee ID cards are not accepted.<\/span><\/span><span class=\"EOP SCXW79531382 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ac33ed elementor-widget elementor-widget-heading\" data-id=\"2ac33ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Address Verification <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e3762b elementor-widget elementor-widget-text-editor\" data-id=\"8e3762b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a class=\"Hyperlink SCXW38130038 BCX8\" href=\"https:\/\/figsflow.com\/uk\/proof-of-address\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW38130038 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW38130038 BCX8\" data-ccp-charstyle=\"Hyperlink\">Proof of address<\/span><\/span><\/a><span class=\"TextRun SCXW38130038 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW38130038 BCX8\"> must be recent<\/span><span class=\"NormalTextRun SCXW38130038 BCX8\">, <\/span><span class=\"NormalTextRun SCXW38130038 BCX8\">generally <\/span><span class=\"NormalTextRun SCXW38130038 BCX8\">issued<\/span><span class=\"NormalTextRun SCXW38130038 BCX8\"> within the last three months. Acceptable documents include a bank or building society statement, credit card statement, utility bill for gas, electricity or water, council tax bill, mortgage statement, or HMRC correspondence.\u00a0<\/span><\/span><span class=\"EOP SCXW38130038 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a045f0 elementor-widget elementor-widget-heading\" data-id=\"8a045f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Source of Funds Verification <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e8eb3f elementor-widget elementor-widget-text-editor\" data-id=\"2e8eb3f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW220044602 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220044602 BCX8\">This is where property transactions differ <\/span><span class=\"NormalTextRun SCXW220044602 BCX8\">substantially from<\/span><span class=\"NormalTextRun SCXW220044602 BCX8\"> accounting service AML checks. Solicitors must trace the origin of every pound used in the transaction. They must confirm not only that funds exist, but also how they were accumulated, ensuring a clear and legitimate financial trail.<\/span><\/span><span class=\"EOP SCXW220044602 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40b0843 bdt-hide-entries-on-mobile-yes elementor-widget elementor-widget-bdt-table\" data-id=\"40b0843\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-table bdt-table-default-responsive \" id=\"bdt-table-40b0843\">\n\n\n\t\t\t<!DOCTYPE html>\n<html>\n<head>\n  <style>\n    table {\n      border-collapse: collapse;\n      width: 100%;\n    }\n    th, td {\n      border: 1px solid black;\n      padding: 8px;\n      vertical-align: middle;\n    }\n    th {\n      background-color: #f2f2f2;\n      font-weight: bold;\n    }\n  <\/style>\n<\/head>\n<body>\n  <table>\n    <thead>\n      <tr>\n        <th>Funding Source<\/th>\n        <th>Required Documents<\/th>\n        <th>Common Issues<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr>\n        <td>Employment savings<\/td>\n        <td>3\u20136 months of bank statements, payslips, written savings explanation<\/td>\n        <td>Unexplained deposits or irregular patterns<\/td>\n      <\/tr>\n      <tr>\n        <td>Previous property sale<\/td>\n        <td>Completion statement, bank statement showing sale proceeds, original purchase documents<\/td>\n        <td>Inability to justify value increase<\/td>\n      <\/tr>\n      <tr>\n        <td>Family gift<\/td>\n        <td>Donor's ID and address verification, donor's bank statement, signed gift letter, donor's source of funds explanation<\/td>\n        <td>Donor unable to verify source<\/td>\n      <\/tr>\n      <tr>\n        <td>Inheritance<\/td>\n        <td>Grant of probate or letters of administration, estate accounts, solicitor's confirmation of receipt<\/td>\n        <td>Incomplete or pending estate<\/td>\n      <\/tr>\n      <tr>\n        <td>Cash purchase (substantial value)<\/td>\n        <td>All of the above plus full source of wealth declaration<\/td>\n        <td>Insufficient evidence of wealth origin<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47a7705 elementor-widget elementor-widget-text-editor\" data-id=\"47a7705\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW43006617 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW43006617 BCX8\">Solicitors <\/span><span class=\"NormalTextRun SCXW43006617 BCX8\">are required to<\/span><span class=\"NormalTextRun SCXW43006617 BCX8\"> go beyond confirming that money is available<\/span><span class=\"NormalTextRun SCXW43006617 BCX8\">. T<\/span><span class=\"NormalTextRun SCXW43006617 BCX8\">hey must verify that it comes from legitimate and identifiable sources.<\/span><\/span><span class=\"EOP SCXW43006617 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de15afe elementor-widget elementor-widget-heading\" data-id=\"de15afe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The AML Check Process in Property Transactions <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-acef2e6 elementor-widget elementor-widget-text-editor\" data-id=\"acef2e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a class=\"Hyperlink SCXW149850940 BCX8\" href=\"https:\/\/figsflow.com\/uk\/2025-guide-to-aml-identity-verification-rules-for-accountants\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW149850940 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW149850940 BCX8\" data-ccp-charstyle=\"Hyperlink\">Anti-money laundering (AML)<\/span><\/span><\/a><span class=\"TextRun SCXW149850940 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW149850940 BCX8\"> checks in property transactions are more rigorous than in accounting. Solicitors cannot begin any legal work until all verification steps are fully completed.<\/span><\/span><span class=\"EOP SCXW149850940 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50612c1 elementor-widget elementor-widget-heading\" data-id=\"50612c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Stage 1: Initial Instruction <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ad51d7 elementor-widget elementor-widget-text-editor\" data-id=\"1ad51d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW91241184 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW91241184 BCX8\">When a solicitor is instructed, AML verification begins <\/span><span class=\"NormalTextRun SCXW91241184 BCX8\">immediately<\/span><span class=\"NormalTextRun SCXW91241184 BCX8\">. Clients receive a document request for identity, address, and source of funds evidence. The solicitor cannot open or progress the file until these checks are complete.<\/span><\/span><span class=\"EOP SCXW91241184 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69d56d7 elementor-widget elementor-widget-heading\" data-id=\"69d56d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Stage 2: Document Collection <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4130385 elementor-widget elementor-widget-text-editor\" data-id=\"4130385\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW73227351 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW73227351 BCX8\">Clients provide the required documents for verification. The solicitor reviews them for validity and completeness, requesting any missing or unclear information. Most delays occur at this stage when clients are unprepared or documents are incomplete.<\/span><\/span><span class=\"EOP SCXW73227351 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1e96c5 elementor-widget elementor-widget-heading\" data-id=\"e1e96c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Stage 3: Verification &amp; Screening <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4ca514 elementor-widget elementor-widget-text-editor\" data-id=\"b4ca514\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW136978279 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW136978279 BCX8\">Identity documents are verified through in-person meetings, electronic identity verification services, or video verification meetings<\/span><span class=\"NormalTextRun SCXW136978279 BCX8\">. Source of funds documentation is reviewed for consistency and adequacy. The solicitor also carries out a full risk assessment and performs sanctions and politically exposed person (PEP) screening for all parties involved.<\/span><\/span><span class=\"EOP SCXW136978279 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-724eff7 elementor-widget elementor-widget-heading\" data-id=\"724eff7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Stage 4: Enhanced Due Diligence <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38f2599 elementor-widget elementor-widget-text-editor\" data-id=\"38f2599\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">If the transaction is considered high risk, additional checks are required. These may include a detailed source of wealth declaration, verification of beneficial owners in company or trust structures, senior management approval, and adverse media searches.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Here are some common triggers that may require <\/span><a href=\"https:\/\/figsflow.com\/uk\/what-are-cdd-edd-why-do-bookkeepers-need-them\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">enhanced due diligence<\/span><\/a><span data-contrast=\"auto\">:<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Cash purchases beyond certain threshold<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Funds from overseas accounts or entities<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Complex ownership structures using companies or trusts<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Client reluctance to provide full information<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Unusual or urgent transactions without clear reason<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">Identification of a PEP<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">Inconsistent information between documents<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><span data-contrast=\"auto\">Recent large cash deposits before purchase<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05865e6 elementor-widget elementor-widget-heading\" data-id=\"05865e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Stage 5: Approval &amp; File Progression <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fb2f10 elementor-widget elementor-widget-text-editor\" data-id=\"3fb2f10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW39639322 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW39639322 BCX8\">Once all checks are complete, a senior solicitor reviews and approves the file. Legal work can then <\/span><span class=\"NormalTextRun SCXW39639322 BCX8\">proceed<\/span><span class=\"NormalTextRun SCXW39639322 BCX8\">, and the solicitor continues to <\/span><span class=\"NormalTextRun SCXW39639322 BCX8\">monitor<\/span><span class=\"NormalTextRun SCXW39639322 BCX8\"> for any changes or new risks throughout the transaction.<\/span><\/span><span class=\"EOP SCXW39639322 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4307944 elementor-widget elementor-widget-heading\" data-id=\"4307944\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Happens If Clients Fail AML Checks <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e35cc3 elementor-widget elementor-widget-text-editor\" data-id=\"6e35cc3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW107776504 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW107776504 BCX8\">Solicitors are subject to strict legal prohibitions under the Money Laundering Regulations. If clients fail AML checks, the solicitor is often unable to continue acting, regardless of circumstances. The table below outlines the main reasons transactions fail or are delayed and the typical consequences.<\/span><\/span><span class=\"EOP SCXW107776504 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bba2430 bdt-hide-entries-on-mobile-yes elementor-widget elementor-widget-bdt-table\" data-id=\"bba2430\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-table bdt-table-default-responsive \" id=\"bdt-table-bba2430\">\n\n\n\t\t\t<!DOCTYPE html>\n<html>\n<head>\n  <style>\n    table {\n      border-collapse: collapse;\n      width: 100%;\n    }\n    th, td {\n      border: 1px solid black;\n      padding: 8px;\n      vertical-align: middle;\n    }\n    th {\n      background-color: #f2f2f2;\n      font-weight: bold;\n    }\n  <\/style>\n<\/head>\n<body>\n  <table>\n    <thead>\n      <tr>\n        <th>Failure Reason<\/th>\n        <th>Immediate Consequence<\/th>\n        <th>Timeline Impact<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr>\n        <td>Sanctions match<\/td>\n        <td>Solicitor must investigate match and refuse instruction if confirmed as true positive under financial sanctions regulations<\/td>\n        <td>Indefinite (until cleared)<\/td>\n      <\/tr>\n      <tr>\n        <td>Inadequate source of funds<\/td>\n        <td>Instruction suspended until full documentation provided<\/td>\n        <td>1\u20133 weeks delay<\/td>\n      <\/tr>\n      <tr>\n        <td>Client refusal to verify<\/td>\n        <td>Instruction terminated and file closed<\/td>\n        <td>Transaction fails<\/td>\n      <\/tr>\n      <tr>\n        <td>PEP identification<\/td>\n        <td>Enhanced due diligence and senior approval required<\/td>\n        <td>2\u20134 weeks additional<\/td>\n      <\/tr>\n      <tr>\n        <td>Reasonable suspicion<\/td>\n        <td>Instruction terminated and report filed with NCA<\/td>\n        <td>Transaction fails<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a59525 elementor-widget elementor-widget-text-editor\" data-id=\"8a59525\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW170882439 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW170882439 BCX8\">Common failure scenarios include gift deposits where the donor refuses verification or cannot explain their source of funds, and unexplained cash accumulations such as large deposits before purchase or business cash sales without records.<\/span><\/span><span class=\"EOP SCXW170882439 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-850a98f elementor-widget elementor-widget-heading\" data-id=\"850a98f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How FigsFlow Revolutionises Property AML Checks for Solicitors <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d53175 elementor-widget elementor-widget-text-editor\" data-id=\"4d53175\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a class=\"Hyperlink SCXW138807847 BCX8\" href=\"https:\/\/figsflow.com\/uk\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW138807847 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW138807847 BCX8\" data-ccp-charstyle=\"Hyperlink\">FigsFlow<\/span><\/span><\/a><span class=\"TextRun SCXW138807847 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW138807847 BCX8\"> automates the entire AML check process, allowing solicitors to complete full verification in under five minutes with automatic documentation that proves compliance. It replaces manual checks, chasing clients via email, and spreadsheet tracking with a seamless, secure digital workflow.<\/span><\/span><span class=\"EOP SCXW138807847 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7f2cb8 elementor-widget elementor-widget-heading\" data-id=\"c7f2cb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Automated Document Collection <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd204a5 elementor-widget elementor-widget-text-editor\" data-id=\"bd204a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW118708386 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW118708386 BCX8\">Clients receive a branded, secure portal to upload documents directly from any device. No more email chains with missing attachments or illegible photographs. Documents arrive in a centrali<\/span><span class=\"NormalTextRun CatchUpActivityHoveredHighlight CatchUpActivityHighlightBegin CatchUpActivityHighlightMiddle CatchUpActivityHighlightEnd SCXW118708386 BCX8\">s<\/span><span class=\"NormalTextRun SCXW118708386 BCX8\">ed location where you can review and extract the necessary information efficiently, <\/span><span class=\"NormalTextRun SCXW118708386 BCX8\">eliminating<\/span><span class=\"NormalTextRun SCXW118708386 BCX8\"> the back-and-forth that typically delays property transactions by days.<\/span><\/span><span class=\"EOP SCXW118708386 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c7f4aa elementor-widget elementor-widget-heading\" data-id=\"2c7f4aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Companies House Integration <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c96bb5 elementor-widget elementor-widget-text-editor\" data-id=\"8c96bb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW249876353 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW249876353 BCX8\">Enter a company number and FigsFlow retrieves all current registered company details instantly. When buyers <\/span><span class=\"NormalTextRun SCXW249876353 BCX8\">purchase<\/span><span class=\"NormalTextRun SCXW249876353 BCX8\"> through limited companies, you can verify corporate information in seconds rather than manually navigating Companies House records and copying details into your case management system.<\/span><\/span><span class=\"EOP SCXW249876353 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d9019b elementor-widget elementor-widget-heading\" data-id=\"6d9019b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Comprehensive Sanctions &amp; PEP Screening <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83e8d63 elementor-widget elementor-widget-text-editor\" data-id=\"83e8d63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW170219073 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW170219073 BCX8\">FigsFlow screens all clients, beneficial owners, and directors against major UK and international sanctions and PEP lists. The system continuously re-screens your entire client base whenever these lists are updated daily, ensuring ongoing compliance without manual effort. This catches sanctions additions that manual processes inevitably miss.<\/span><\/span><span class=\"EOP SCXW170219073 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7f5f09 elementor-widget elementor-widget-heading\" data-id=\"b7f5f09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Guided Risk Assessment <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49a7982 elementor-widget elementor-widget-text-editor\" data-id=\"49a7982\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW99089037 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW99089037 BCX8\">Built-in templates guide you through each AML risk factor and automatically generate a risk score with clear written rationale. This reduces subjectivity between fee earners and ensures regulatory consistency across all property transactions, regardless of who handles the file.<\/span><\/span><span class=\"EOP SCXW99089037 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4a96e6 elementor-widget elementor-widget-heading\" data-id=\"b4a96e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Complete Audit Trail &amp; Ongoing Monitoring <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5d428f elementor-widget elementor-widget-text-editor\" data-id=\"d5d428f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW65546123 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65546123 BCX8\">Every AML action is recorded with timestamps for a verifiable audit trail. You can export compliance reports instantly for HMRC inspections, set automated review schedules, and receive alerts when documents or checks are due for renewal. This <\/span><span class=\"NormalTextRun SCXW65546123 BCX8\">eliminates<\/span><span class=\"NormalTextRun SCXW65546123 BCX8\"> the retrospective documentation work that consumes 15 minutes per party under manual systems.<\/span><\/span><span class=\"EOP SCXW65546123 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abfd748 elementor-widget elementor-widget-heading\" data-id=\"abfd748\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Beyond AML Compliance <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c0331b elementor-widget elementor-widget-text-editor\" data-id=\"6c0331b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158059272 BCX8\">FigsFlow also handles <\/span><\/span><a class=\"Hyperlink SCXW158059272 BCX8\" href=\"https:\/\/figsflow.com\/uk\/understanding-proposals-for-accountants-legal-and-professional-insights\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW158059272 BCX8\" data-ccp-charstyle=\"Hyperlink\">proposals<\/span><\/span><\/a><span class=\"TextRun SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158059272 BCX8\">, <\/span><\/span><a class=\"Hyperlink SCXW158059272 BCX8\" href=\"https:\/\/figsflow.com\/uk\/engagement-letter-vs-letter-of-intent-whats-the-difference-why-it-matters-for-accountants\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW158059272 BCX8\" data-ccp-charstyle=\"Hyperlink\">engagement letters<\/span><\/span><\/a><span class=\"TextRun SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158059272 BCX8\">, and pricing in a single integrated platform. It is the only software that manages the entire <\/span><\/span><a class=\"Hyperlink SCXW158059272 BCX8\" href=\"https:\/\/figsflow.com\/uk\/automating-client-onboarding-with-figsflow\/\" target=\"_blank\" rel=\"noopener\"><span class=\"TextRun Underlined SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW158059272 BCX8\" data-ccp-charstyle=\"Hyperlink\">client onboarding<\/span><\/span><\/a><span class=\"TextRun SCXW158059272 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW158059272 BCX8\"> and compliance workflow from first contact through ongoing relationship management.<\/span><\/span><span class=\"EOP SCXW158059272 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b96458b elementor-widget elementor-widget-text-editor\" data-id=\"b96458b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b><span data-contrast=\"auto\">Want to see how FigsFlow transforms property transaction AML compliance?<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">Book a personalised demo and we&#8217;ll show you exactly how the system handles document collection, sanctions screening, risk assessment, and audit trails for all transaction parties. See how solicitors are cutting AML processing time by 80% while maintaining full MLR 2017 compliance.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><a href=\"https:\/\/figsflow.com\/uk\/book-demo\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Book Your FigsFlow Demo <\/span><span data-contrast=\"none\">\u2192<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f9bee8 elementor-widget elementor-widget-text-editor\" data-id=\"9f9bee8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 aria-level=\"2\"><span data-contrast=\"none\">Additional Resources<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:160,&quot;335559739&quot;:80}\">\u00a0<\/span><\/h2><ul><li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Trebuchet MS,Times New Roman\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Money Laundering Regulations 2017<\/span><\/b><span data-contrast=\"auto\"> \u2013 <\/span><a href=\"https:\/\/www.gov.uk\/government\/consultations\/money-laundering-regulations-2017\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Money Laundering Regulations 2017: consultation \u2013 GOV.UK<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><p>\u00a0<\/p><\/li><li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Trebuchet MS,Times New Roman\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">HMRC Customer Due Diligence Guidance<\/span><\/b><span data-contrast=\"auto\"> \u2013 <\/span><a href=\"https:\/\/www.gov.uk\/hmrc-internal-manuals\/excise-and-customs-special-procedures\/ecsh33335\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">ECSH33335 \u2013 Enhanced due diligence \u2013 HMRC internal manual \u2013 GOV.UK<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><p>\u00a0<\/p><\/li><li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Trebuchet MS,Times New Roman\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Complete Guide to AML Software for Accountants<\/span><\/b><span data-contrast=\"auto\"> \u2013<\/span><a href=\"https:\/\/figsflow.com\/uk\/complete-guide-to-aml-software-for-accountants-bookkeepers-tax-advisers\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Complete Guide to AML Software for Accountants, Bookkeepers &amp; Tax Advisors | FigsFlow<\/span><\/a><p>\u00a0<\/p><\/li><li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Trebuchet MS,Times New Roman\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Why Accountants Should Prioritise AML<\/span><\/b><span data-contrast=\"auto\"> \u2013 <\/span><a href=\"https:\/\/figsflow.com\/uk\/accountants-should-prioritise-aml-kyc-compliance\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">AML &amp; KYC Compliance: Accountants Must Prioritise | FigsFlow<\/span><\/a><p>\u00a0<\/p><\/li><li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Trebuchet MS,Times New Roman\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Difference Between KYC &amp; AML<\/span><\/b><span data-contrast=\"auto\"> \u2013 <\/span><a href=\"https:\/\/figsflow.com\/uk\/difference-between-kyc-and-aml\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Difference Between KYC &amp; AML: What You Need to Know | FigsFlow<\/span><\/a><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Trebuchet MS,Times New Roman\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\"><strong data-start=\"560\" data-end=\"606\">Explore Top AML Software for Accountants \u2013<\/strong> <a class=\"decorated-link\" href=\"https:\/\/figsflow.com\/uk\/top-6-aml-software-for-accountants-in-2025\/\" target=\"_new\" rel=\"noopener\" data-start=\"607\" data-end=\"728\">Top 6 AML Software for Accountants in 2025 | FigsFlow<\/a><\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88060c0 elementor-widget elementor-widget-heading\" data-id=\"88060c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0243581 elementor-widget elementor-widget-text-editor\" data-id=\"0243581\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Your clients will push for exchange when documentation remains incomplete. They will tell you the seller is threatening to accept another offer. They will ask you to &#8220;just proceed&#8221; and sort the verification afterward.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">You cannot. MLR 2017 prohibits proceeding without adequate customer due diligence, and the consequences fall on you personally as well as your firm.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">FigsFlow removes the tension between compliance and client service speed. <a href=\"https:\/\/figsflow.com\/uk\/aml-software-for-accountants\/\">Complete AML checks<\/a> for all transaction parties in under five minutes means you never cause the delay that collapses a transaction chain. Automated <a href=\"https:\/\/figsflow.com\/uk\/why-pep-screening-matters-for-accountants-bookkeepers\/\">sanctions screening<\/a> catches matches that manual searches miss. Instant compliance reports demonstrate you maintained standards even under exchange pressure.<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0635ae6 elementor-widget elementor-widget-text-editor\" data-id=\"0635ae6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b><span data-contrast=\"auto\">Ready to eliminate AML delays from your property transactions?<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Try FigsFlow free for 30 days and see how you can complete full verification in under five minutes while maintaining complete MLR 2017 compliance. No credit card required.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><a href=\"https:\/\/app.figsflow.com\/signup?utm_source=website\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Start Your Free Trial <\/span><span data-contrast=\"none\">\u2192<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-416f7ed elementor-widget elementor-widget-heading\" data-id=\"416f7ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5e8c07 elementor-widget elementor-widget-bdt-accordion\" data-id=\"c5e8c07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-container\">\n\t\t\t<div id=\"bdt-ep-accordion-c5e8c07\" class=\"bdt-ep-accordion bdt-accordion\" data-bdt-accordion=\"{&quot;collapsible&quot;:true,&quot;multiple&quot;:false,&quot;transition&quot;:&quot;ease-in-out&quot;}\" \t\tdata-settings=\"{&quot;id&quot;:&quot;bdt-ep-accordion-c5e8c07&quot;,&quot;activeHash&quot;:&quot;no&quot;,&quot;activeScrollspy&quot;:null,&quot;hashTopOffset&quot;:false,&quot;hashScrollspyTime&quot;:false,&quot;closeAllItemsOnMobile&quot;:false}\">\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-how-long-do-property-aml-checks-typically-take\"\n\t\t\t\t\t\t\tdata-accordion-index=\"0\" data-title=\"how-long-do-property-aml-checks-typically-take\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHow long do property AML checks typically take? \t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW71825370 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW71825370 BCX8\">Manual property AML checks require 30 to 45 minutes of solicitor time per party when conducted properly. Document collection usually takes 1 to 7 days, with delays when clients provide inadequate information. FigsFlow reduces solicitor verification time to under 5 minutes per party, though client document provision still <\/span><span class=\"NormalTextRun SCXW71825370 BCX8\">determines<\/span><span class=\"NormalTextRun SCXW71825370 BCX8\"> overall timeline.<\/span><\/span><span class=\"EOP SCXW71825370 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-what-specific-documents-do-clients-need-to-provide-to-their-solicitor\"\n\t\t\t\t\t\t\tdata-accordion-index=\"1\" data-title=\"what-specific-documents-do-clients-need-to-provide-to-their-solicitor\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhat specific documents do clients need to provide to their solicitor? \t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW164210061 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW164210061 BCX8\">Clients need government-issued photo ID (valid passport or UK photocard driving licence), proof of address within three months (bank statement, utility bill, council tax bill), and comprehensive source of funds documentation. Source requirements <\/span><span class=\"NormalTextRun SCXW164210061 BCX8\">vary:<\/span><span class=\"NormalTextRun SCXW164210061 BCX8\"> savings need 3-6 months bank statements plus income proof, gift deposits require donor verification and donor&#8217;s source explanation, cash buyers need source of wealth declarations.<\/span><\/span><span class=\"EOP SCXW164210061 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-do-cash-buyers-face-additional-scrutiny-beyond-mortgaged-purchases\"\n\t\t\t\t\t\t\tdata-accordion-index=\"2\" data-title=\"do-cash-buyers-face-additional-scrutiny-beyond-mortgaged-purchases\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDo cash buyers face additional scrutiny beyond mortgaged purchases? \t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW117553991 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW117553991 BCX8\">Yes. Cash purchases receive enhanced scrutiny as higher money laundering risk. Cash buyers over <\/span><span class=\"NormalTextRun SCXW117553991 BCX8\">certain threshold<\/span><span class=\"NormalTextRun SCXW117553991 BCX8\"> must provide source of wealth declarations explaining overall asset accumulation, business ownership documentation, employment history verification, and detailed explanations for large cash holdings. The verification process takes 2 to 4 weeks longer than mortgaged purchases due to enhanced due diligence requirements.<\/span><\/span><span class=\"EOP SCXW117553991 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-can-solicitors-start-legal-work-before-completing-aml-checks\"\n\t\t\t\t\t\t\tdata-accordion-index=\"3\" data-title=\"can-solicitors-start-legal-work-before-completing-aml-checks\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCan solicitors start legal work before completing AML checks? \t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW241905636 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241905636 BCX8\">Solicitors <\/span><span class=\"NormalTextRun SCXW241905636 BCX8\">generally cannot<\/span> <span class=\"NormalTextRun SCXW241905636 BCX8\">commence<\/span><span class=\"NormalTextRun SCXW241905636 BCX8\"> legal work before completing AML verification under MLR 2017, though Regulation 27 permits limited preliminary work in certain low-risk circumstances where CDD will be completed as soon as <\/span><span class=\"NormalTextRun SCXW241905636 BCX8\">practicable<\/span><span class=\"NormalTextRun SCXW241905636 BCX8\">. In practice, most firms prohibit any work until checks complete.<\/span><\/span><span class=\"EOP SCXW241905636 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-what-happens-if-a-client-appears-on-a-sanctions-list\"\n\t\t\t\t\t\t\tdata-accordion-index=\"4\" data-title=\"what-happens-if-a-client-appears-on-a-sanctions-list\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhat happens if a client appears on a sanctions list? \t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW90998067 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90998067 BCX8\">Solicitors must <\/span><span class=\"NormalTextRun SCXW90998067 BCX8\">immediately<\/span><span class=\"NormalTextRun SCXW90998067 BCX8\"> refuse the instruction or <\/span><span class=\"NormalTextRun SCXW90998067 BCX8\">terminate<\/span><span class=\"NormalTextRun SCXW90998067 BCX8\"> the relationship. The UK <\/span><span class=\"NormalTextRun SCXW90998067 BCX8\">operates<\/span><span class=\"NormalTextRun SCXW90998067 BCX8\"> absolute prohibitions against providing any services to sanctioned individuals. No exceptions exist regardless of circumstances. The solicitor must report the attempted instruction and cannot explain why to the client. Clients believing <\/span><span class=\"NormalTextRun SCXW90998067 BCX8\">they&#8217;re<\/span><span class=\"NormalTextRun SCXW90998067 BCX8\"> wrongly matched must contact OFSI directly for official clearance.<\/span><\/span><span class=\"EOP SCXW90998067 BCX8\" data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Missing AML docs at exchange? That&#8217;s a collapsed deal and a compliance breach in one.<\/p>\n","protected":false},"author":31,"featured_media":29954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_tocer_settings":[],"footnotes":""},"categories":[6],"tags":[11],"class_list":["post-29934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-compliance"],"acf":[],"_links":{"self":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/29934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/comments?post=29934"}],"version-history":[{"count":7,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/29934\/revisions"}],"predecessor-version":[{"id":35939,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/29934\/revisions\/35939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media\/29954"}],"wp:attachment":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media?parent=29934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/categories?post=29934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/tags?post=29934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}