Daniel Hobbin Estate Agents Torquay

Anti-Money Laundering Policy

Last modified: January 19, 2024

1. Introduction

Daniel Hobbin Estate Agents Ltd (the "Company") is committed to preventing money laundering and terrorism financing. The Company has implemented policies, procedures, and controls to detect and prevent money laundering activities.

2. Policy and Procedures

The Company has established the following policy and procedures to ensure compliance with anti-money laundering regulations:

2.1 Anti-Money Laundering Policy:

  • The Company is committed to full compliance with the Money Laundering Regulations (MLR) and other relevant legislation.
  • All employees must adhere to the Company's AML policy and procedures.

2.2 Designation of Relevant Individuals:

  • Daniel Hobbin is the Company's designated compliance officer.
  • It is the Compliance Officer's responsibility to ensure that the AML policy is implemented and adhered to.
  • Relevant individuals include all employees involved in property sales, lettings, or any activities that involve customer interactions.

2.3 Risk-Based Approach:

  • The Company employs a risk-based approach to identify and verify customers.
  • Enhanced due diligence measures will be applied to high-risk customers.
  • The risk assessment is regularly reviewed and updated to reflect changes in business operations or external factors.

2.4 Customer Identification and Verification Procedures:

  • Procedures are in place to verify the identity of all customers.
  • Documented evidence of customer identity is obtained and retained in accordance with MLR requirements.

2.5 Employee Training:

  • All employees undergo regular training on AML policies and procedures.
  • New employees receive comprehensive training during the onboarding process.

2.6 Reporting Suspicious Activity:

  • Employees are required to promptly report any suspicious activity to the nominated officer (Compliance Officer).
  • The nominated officer will assess and, if necessary, report suspicious activity to the relevant authorities.

2.7 Monitoring Controls:

  • The Company has established monitoring controls to ensure ongoing compliance with AML policies.
  • Regular internal reviews and audits are conducted to assess the effectiveness of AML controls.

3. Commitment to Compliance

Daniel Hobbin Estate Agents Ltd is committed to maintaining a robust AML framework and ensuring compliance with all applicable laws and regulations. In the event that HMRC conducts an inspection, the Company will be prepared to provide all necessary evidence and documentation.

This policy will be reviewed and updated as necessary to reflect changes in legislation or business operations.

4. HMRC Supervision Under The Money Laundering Regulations

Please refer to the following website for confirmation that our business is registered with HMRC for supervision under the money laundering regulations:

5. Contact and Compliance Officer

To request more information regarding this anti-money laundering policy, please contact Daniel Hobbin, our designated compliance officer, at [email protected].