ANTI MONEY LAUNDERING POLICY
Property Link is committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in accordance with the Money Laundering Regulations 2017 and is registered and supervised by HM Revenue & Customs for compliance.
HOW WE MANAGE RISK
The Money Laundering Regulations require us to risk assess our business relationships in order to understand our customers, and identify behaviour and circumstances that may indicate a higher risk of money laundering and terrorist financing activities. Property Link has undertaken and documented a thorough risk assessment and we have subsequently implemented the appropriate policies and procedures required to minimise this risk.
Property Link is committed to staff training in anti-money laundering legislation to ensure they are aware of the risks of money laundering and terrorist financing, the relevant legislation and their responsibilities under that legislation. We ensure that our staff are fully trained in the company’s procedures and in how to identify and deal with potential money laundering or terrorist financing activities. This training is delivered to new employees as part of the on-boarding process and via ongoing group training sessions and up to date communications.
Documented compliance audits are carried out at regular intervals and all customer due diligence is carried out and approved by our administration department on a daily basis. This is done before the business relationship with the client or counterparty to the transaction commences. Any remedial action and further training is then identified and implemented.