As part of our required compliance or KYC - "Know Your Customer" - we are required to get information from our clients.
This information is normally a Government-issued ID document (Passport, Drivers Licence) which proves who you are and proof of your Residential Address (Utility Bill). These documents will need to be certified copies and we are able to certify the documents for you, as long as we can see the original document at the time of certification.
CPB will retain copies of this information for a period of five years following the date from which our business relationship ends.
We are also required to ask you questions about your reasons for selling or buying a property as well as the source of the funds for the purchase of a property.
As a rule of thumb - the more complex the transaction, the more questions need to be asked.
As part of our required compliance or KYC - "Know Your Customer" - we are required to get information from our clients.
This information is normally a Government-issued ID document (Passport, Drivers Licence) which proves who you are and proof of your Residential Address (Utility Bill). These documents will need to be certified copies and we are able to certify the documents for you, as long as we can see the original document at the time of certification.
CPB will retain copies of this information for a period of five years following the date from which our business relationship ends.
We are also required to ask you questions about your reasons for selling or buying a property as well as the source of the funds for the purchase of a property.
As a rule of thumb - the more complex the transaction, the more questions need to be asked.
It is a requirement of the "Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008", that Real Estate Brokers have to fully identify their Vendors and Buyers.
This information is used to make sure that a real person or persons are parties to the transaction.
It is a requirement of the "Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008", that Real Estate Brokers have to fully identify their Vendors and Buyers.
This information is used to make sure that a real person or persons are parties to the transaction.