"A prominent estate agent completed the sale of a house without having anti-money laundering documentation in place, the Irish Independent can reveal."
"Estate agents are required by law to ask vendors for a copy of their ID and a utility bill showing proof of address. They must have this documentation on file before trying to sell a property on someone's behalf."
A prominent estate agent completed a house sale without required anti-money laundering documentation, constituting a breach of legal obligations and the Criminal Justice Act 2010. Estate agents are legally required to request and retain a copy of the vendor's identification and a utility bill showing proof of address. Those documents must be held on file before attempting to market or sell a property on behalf of a vendor. Failure to obtain and retain the required identification and proof of address amounts to a regulatory and potential criminal violation under Irish anti-money laundering rules.
Read at Independent
Unable to calculate read time
Collection
[
|
...
]