In the UK every estate agent is supervised by HMRC under the Money Laundering Regulations 2017. We collect: passport / photo ID, proof of address (utility bill / bank statement < 3 months), source of funds, source of wealth, beneficial ownership of any company buyer.
Enhanced Due Diligence (EDD) is required for: PEPs (Politically Exposed Persons), high-risk jurisdictions, complex ownership structures, cash purchases over £10k. EDD adds: documented source-of-wealth narrative, sanction screening (OFSI, OFAC, EU consolidated list), adverse-media check.
Belgrave's KYC process is automated where possible (electronic ID verification, sanction screening, PEP databases) + reviewed by a human compliance officer for any flag. Median time-to-clear is 24 hours; complex cases take 5-7 business days.