Money Laundering Regulations

As with all Estate Agents, SPS is subject to the Money Laundering Regulations 2017 which means that we have to obtain and hold identification and proof of address for all customers.

Additionally, we are also required to establish whether there are any beneficial owners on whose behalf the transaction or activity is taking place and we would request you to identify anyone who you would consider to be a beneficial owner.

Where appropriate, the source or destination of funds may also be requested. Without this information SPS will be unable to proceed with any work on your behalf.

Acceptable identity documents:

We require one document from List A and one document from List B dated within the last 3 months.

List A - Identity Documents

* Current signed passport

* Valid UK Passport
* EEA member state identity card

List B - Proof of Address

* Utility Bill
* Mortgage Statement
* Bank / Building Society Statement
* Valid UK driving licence (provided this has not been used for List A as ID)
* Current local authority or HMRC tax bill
* Tenancy Agreement
* NHS Medical Card

Probate

If you are acting as a Representative of an Estate we require the following:

* Grant of Probate (if a Will was left)
* Letter of Administration (if no Will left)
* Individual identity evidence from List A & B for the Personal Representative, Executor or Administrator

 

Limited Company

If you are acting as a Representative of a UK Company, we also require the following:

* Certificate of Incorporation, Articles of Association, Memorandum of Association, and Latest Annual Return or Confirmation Statement, with details of current company officers
* If offshore, nominee director declaration and a general power of attorney
* Individual identity evidence from List A and B for all individuals or entities with 25% or more of the shares or voting rights in the company

If you are acting as a Representative of an Offshore Company we will also require the following:

* Certificate of Incorporation, Articles of Association, Memorandum of Association, Latest Annual Return with details of current company officers, Share Certificates(s) showing the Ultimate Beneficial Owner

*  Certificate of Incumbency

* If the shares are owned by another company, repeat steps above for the holding company
* Nominee director declaration and/or general Power of Attorney (if applicable)
* Individual identity evidence from List A & B for all individuals or entities with 25% or more of the shares or voting rights in the company

Trust

If you are acting as a Representative of a Trust we require the following:

* Trust Deed
* List of Trustees
* List of Beneficiaries
* Individual identity evidence from List A & B for all individuals with a vested interest in 25% or more of the capital and/or those who exercise control over the Trust.