Tranche 2 AML/CTF Compliance for Real Estate Agents

Illustration of a woman being scanned with facial recognition technology on a smartphone, in front of a house with a lock symbol and a shield representing security.

Easily verify sellers and buyers

  • Want to verify sellers and buyers easily to save time and close transactions faster?

  • Want to minimise risk and comply with future Tranche 2 AML/CTF requirements?

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Don’t just take our word for it

  • A simple and cost effective way to meet compliance objectives

    “We found VerifiMe very easy to implement and allows us to meet our compliance objectives efficiently and cost effectively”

    Sebastian Garufi, Garufi McDonald Chartered Accountant

  • Reduce needless busywork and eliminate personal data risks

    “ With VerifiMe my team and I don’t need to collect the documents anymore the hard work is undertaken by VerifiMe leaving me to concentrate on my prospective sellers and buyers without risk of sighting and handling personal information”

    Sam Ghandour, Licensee at First National - Liverpool

Real Estate Agents’ Compliance Delivered without Impact on Sales

  • Don’t let the future impact of Tranche 2 reforms impact your business

  • Streamlined verification process

  • Identify individuals or organisations

  • Verify supporting documents such as proof of asset ownership

  • Mitigate data-handling risks

  • Save on processing time so agents can focus on sales and customers

  • Achieve KYC for overseas customers or organisations

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Why should Real Estate Agencies choose VerifiMe®?

Benefits to Agents:

✅ No lock-in contracts or upfront ongoing payments

✅ Fast to implement and easy to get started

✅ Data security with no need to handle PII

✅ Low cost - pay per transaction

✅ No software to manage

Benefits to Customers:

✅ A single digital ID wallet to store all legal entity credentials

✅ Upload and verify once, bring an end to the repetition

✅ Retain control over sharing personal data with permissions

✅ Free to set up and use

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Get Your Real Estate Agency Set-Up Now With a Complete Turn Key Solution that Covers all your Current and Future Needs

  • Computer with documents

    1. Contact us

    Fill out the form below, and we will set up you up with our real estate agent compliance rule set. We will also set up a test of the process and review with you. Once complete your ready to go.

  • Identity document with tick

    2. Easy identification

    Allow customers to complete KYC on the spot or permission your organisation if they already have a wallet. Collect additional documents to prove asset ownership and add further mitigations when Tranche 2 reforms are introduced.

  • Documents with stamp and tick

    3. Agents get real-time understanding

    Review customers onboarded in real-time, understand triggered assessments, and note any actions that need to be taken. Add completed identity assessment notes to your internal software for compliance reporting.

Want to get ready for Tranche 2 or improve operational processes now?

Frequently Asked Questions for Real Estate Agents

  • AML obligations in real estate apply to:

    • Real estate agents involved in property transactions.

    • Estate agencies handling sales, purchases, or leases above specified financial thresholds.

    • Other professionals, such as conveyancers and solicitors, who facilitate property deals.

  • Non-compliance with anti-money laundering regulations for property transactions can lead to:

    • Financial penalties.

    • Loss of licensing or professional accreditation.

    • Damage to your reputation.

    Using VerifyMe helps ensure compliance and minimizes the risk of costly mistakes

  • Yes, VerifiMe® provides ongoing monitoring to ensure continued compliance with real estate AML requirements. Our platform automatically checks for updates, such as changes in client risk profiles or sanctions status, keeping you compliant at all times.

  • Yes! VerifiMe® is designed to integrate seamlessly with your current processes, making it easy to incorporate AML and KYC checks into your day-to-day operations.

Want to know more?

Click on the blog page link for more information relevant to the real estate industry and upcoming Tranche 2 reforms.

Blog page