Anti-Money Laundering at Kearns Residential
Our commitment to ethics and legal compliance for all property transactions
Money laundering refers to the process through which criminals attempt to conceal the true origin and control of illicitly obtained funds by presenting them as if they came from legitimate sources.
Kearns Residential is fully committed to upholding its responsibilities as mandated by the Money Laundering Regulations 2017, the Proceeds of Crime Act 2002, the Terrorism Act 2000, and other relevant laws. These efforts are aimed at combating money laundering and the financing of terrorist activities. To achieve this, Kearns Residential conducts thorough identification checks on all vendors and purchasers at the onset of any property journey. Additionally, we make appropriate inquiries to determine the origins of wealth and funds involved in transactions in which we are involved. To further enhance our safeguards, Kearns Residential has implemented procedures that ensure any suspicions of money laundering offenses are promptly reported to the relevant authorities.