Anti-Money Laundering (AML) Statement

1. Introduction

Prop Home Limited is committed to preventing money laundering and terrorist financing in accordance with the UK’s Money Laundering Regulations 2017 and other relevant legislation. We implement robust procedures to identify and mitigate the risks of financial crime within our property management and lettings operations.

2. Compliance Measures

To combat money laundering, Prop Home Limited:

• Conducts thorough due diligence on all clients, landlords, and tenants.
• Requires proof of identity and address for all customers in compliance with Know Your Customer (KYC) regulations.
• Monitors transactions for suspicious activity and reports concerns to the appropriate authorities.
• Maintains comprehensive records of customer identification and transactions for regulatory compliance.
• Provides AML training to relevant employees to enhance awareness and compliance.

3. Customer Due Diligence (CDD)

We apply a risk-based approach to customer verification, ensuring that individuals and businesses engaging with our services are subject to appropriate scrutiny. Enhanced Due Diligence (EDD) is conducted for higher-risk clients, including overseas landlords.

4. Reporting Obligations

If any suspicious activity is detected, we are committed to reporting it to the National Crime Agency (NCA) in accordance with UK laws. We also cooperate fully with regulatory bodies in any AML-related investigations.

5. Commitment to Compliance

Prop Home Limited continuously reviews and updates its AML policies to align with evolving legal requirements and industry best practices. By maintaining strict AML controls, we contribute to the integrity and security of the UK property market.

For further details about our AML procedures, please contact us at [insert contact details].