Our Legal Obligations

Murphy Waldron Estates Limited is committed to preventing money laundering and terrorist financing. We are required by law to comply with:

• The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
• The Proceeds of Crime Act 2002
• The Terrorism Act 2000

What This Means for You

To comply with these regulations, we must:

1. Verify Your Identity

We are legally required to verify the identity of all clients before entering into a business relationship. This includes:

• Sellers and Buyers
• Landlords and Tenants
• Anyone acting on behalf of another party

2. Required Documentation

You will need to provide:

Proof of Identity (one of the following):

• Current passport
• Current UK photocard driving licence
• Current full UK driving licence (old style)
• Biometric residence permit

Proof of Address (dated within last 3 months):

• Utility bill (gas, electricity, water, or landline phone)
• Bank or building society statement
• Council tax bill
• Current tenancy agreement

Additional Requirements:

• For companies: Certificate of incorporation, details of directors and beneficial owners
• For cash buyers: Evidence of source of funds
• For mortgage buyers: Mortgage offer documentation

3. Source of Funds

For property purchases, we must verify the source of funds, including:

• Bank statements showing funds accumulation
• Evidence of property sales
• Inheritance documentation
• Gift letters and donor’s proof of funds
• Business sale documentation
• Investment portfolio statements

Our Procedures

Customer Due Diligence

We conduct risk-based customer due diligence, which includes:

• Identity verification
• Understanding the nature of the business relationship
• Monitoring transactions
• Keeping records up to date

Enhanced Due Diligence

We apply enhanced checks for:

• High-value transactions
• Complex ownership structures
• Politically exposed persons (PEPs)
• High-risk countries

Record Keeping

We maintain records of:

• All identification documents
• Transaction details
• Risk assessments
• Suspicious activity reports (where applicable)

Records are kept securely for at least 5 years after the business relationship ends.

What We Cannot Accept

We cannot proceed with transactions involving:

• Clients who cannot provide satisfactory identification
• Unclear or suspicious sources of funds
• Any suspected money laundering activity

Cash Payments

In accordance with anti-money laundering regulations:

• We cannot accept cash payments exceeding £5,000
• All large deposits must be made by bank transfer
• We must report cash transactions over €10,000 (or equivalent)

Reporting Obligations

We are legally obligated to report suspicious activities to the National Crime Agency (NCA) without informing the client. This is called “tipping off” and is a criminal offense.

Your Cooperation

We appreciate your understanding and cooperation with these requirements. These measures are designed to:

• Protect legitimate property transactions
• Prevent criminal activity
• Maintain the integrity of the UK property market

Confidentiality

All information provided for anti-money laundering checks will be:

• Treated in strict confidence
• Stored securely
• Used only for legal compliance
• Handled in accordance with GDPR

Failure to Provide Information

If required information is not provided:

• We cannot proceed with the transaction
• We may be required to report this to authorities
• The business relationship must be terminated

Contact Information

If you have questions about our anti-money laundering procedures:

Compliance Officer Murphy Waldron Estates Limited 197 Eccles Old Road Salford, England, M6 8HA Email: [Insert Compliance Email] Phone: [Insert Phone Number]

Updates to This Policy

This policy may be updated to reflect changes in legislation or best practice. The latest version will always be available on our website.

Last Updated: 01-12-2025

Note: This policy is designed to ensure compliance with UK anti-money laundering regulations. All staff members are trained in these procedures and take them seriously to protect both our business and our clients.