Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the ML Regulations”), we are obliged to carry out extensive verification checks.
We will need to see evidence of identity for
The successful buyer;
If different from the buyer, the successful bidder;
If different from either of those, the provider of funds for the deposit and/or the Buyer’s Fee if appropriate.
If you bid as the agent or representative of the Buyer, you will also need to give us written evidence of your authority to act in that capacity
Download our guide to the Regulations