Property

SmartSearch – AML for Estate Agents & Property Companies

Our simple, cost-effective solution makes anti money laundering for estate agents easy. We stay on top of the most recent AML regulations, keeping property firms compliant at all times, so you can focus on your business.

AML Protection for Property Firms and Estate Agents

Selling and buying property is an ideal cover for criminals attempting to “wash” illicit funds, so property firms are often targeted by those who carry out financial crime, making this sector especially vulnerable to money laundering.

SmartSearch offers an efficient end-to-end AML solution. With our unique electronic platform, you can verify both individuals and businesses, and perform screenings for sanctions and PEPs, at the touch of a button. You can even access all these services while you’re out on a viewing, with our fully integrated app, so AML for estate agents has never been more convenient  

Just a few areas we can help you with

Know your customer

Comply with regulatory guidance and meet your own internal risk policies by electronically verifying your customers, negating the need for time-consuming and costly manual checks.

Onboard customers

Complete all your AML and KYC checks through one user-friendly platform. You can even integrate SmartSearch with your existing management system allowing you streamline your customer onboarding process, saving time and cutting costs.

Perform your customer due diligence

Your firm will always remain compliant thanks to our unique, automated enhanced due diligence system that identifies, verifies and monitors your clients on an ongoing basis.

AML checks on the move

Our fully integrated app enables you to complete AML checks remotely allowing you to onboard customers wherever you are, whenever you need to, through your smartphone or tablet.

Prevent Fraud

Mitigate the risk of fraudulent transactions through our comprehensive fraud prevention solutions which can be tailored to create a bespoke package for your needs.

Keep records

Ensure you are always prepared for audit through the ability to leave audit notes against specific records, demonstrating you have conducted due diligence and met your AML obligations.
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SmartSearch Guarantees Your Compliance

AML regulations are consistently updating to reflect the changing tactics of those who perpetrate financial crime – keeping on top of regulatory requirements can be both tricky and time-consuming.

The SmartSearch system evolves right alongside regulations from the FATF and the FCA. We adapt our technology and product offerings to ensure there are never any gaps in compliance for estate agents and property firms.

WHO WE WORK WITH

What kind of property firms do we work with?

  • Domestic Real Estate
  • Commercial Real Estate
  • Property Development
  • Landlords/Lettings
  • Land and Agriculture
  • Property Management
  • Mortgages
  • Surveying
HEAR IT FROM OUR CUSTOMERS

Our service is used by over 1000 estate agents

Outsourcing to SmartSearch has been one of the best decisions we have made. It has enabled us to rest easy that we are monitoring our clients and applicants correctly and are fulfilling all our legal requirements with regards to money laundering legislation and due diligence. Lesley Sorbie
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From the moment that I spoke with a representative I felt that this company would be able to provide me with the type of service that I had been looking for to satisfy the requirements of Client Due Diligence in my industry […] Of all the companies we have looked at, SmartSearch suited us best not only because of the user friendly interface but the support and back up you get is first class James Moran Winkworth South Kensington
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You’re in good company

Frequently Asked Questions

  • Do estate agents need to do AML checks?

    Yes – anti money laundering checks for estate agents and other property firms are required by law, as they’re included in the list of DNFBs which are considered susceptible to money laundering. This is because the buying and selling of property is a prime opportunity for financial crime, and the cash flow involved in these transactions is often exploited as a means of “washing” illegally obtained funds.

  • Do estate agents need proof of identity?

    Estate agents and property firms should ask for proof of identity early on in the proceedings, whether the client is selling or buying a house. They are legally obliged to confirm the identity of clients is legitimate, as part of their KYC checks for AML compliance. This is in line with legal requirements from the FATF, and guidelines from the FCA.

  • Do estate agents need proof of funds?

    Following guidance from the Property Ombudsman, Estate agents are legally obliged to ask for proof of funds, which includes confirming the monetary amount and checking that these funds have a legitimate source. This allows estate agents to confirm that the funds are not the proceeds of illicit financial activity, like money laundering.

Have a question you don’t see here?

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