IMPORTANT NOTICE

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the "Regulations")

These regulations came into force on the 26th June 2017. All the Auctioneers are now required to verify the identity of all bidders before the auction.

UK PRIVATE INDIVIDUALS

You must provide one document from each list

List A: Identity documents:

  • Current signed passport; or
  • Current UK photo card driving licence. If you do not currently hold a valid passport or driving licence, you may provide a certified copy of one of the following documents:
  • UK old style paper driving licence;
  • Residential permit issued by the Home Office to EU Nationals on sight of their own country passport;
  • Benefit book or original notification letter from the Benefits Agency confirming the right to benefits;
  • Self-employed in the construction industry – tax exemption certificate with photograph of holder (forms C155, C156 or SC60);
  • HM Revenue and Customs tax notification; or
  • Firearms certificate.

List B: Evidence of address

  • A utility bill issued within the last three months (but not mobile phone bills as these can be sent to different addresses);
  • Current UK driving licence (if not used as evidence of identity);
  • UK old style paper driving licence (if not used as evidence of identity);
  • Local authority tax bill (valid for the current year);
  • Bank, credit card, building society or credit union statement issued within the last three months and addressed to a current residential address;
  • The most recent original mortgage statement from a recognised lender;
  • Confirmation from the electoral roll that a person of that name lives at that address;
  • Benefit book or original notification letter from the Benefits Agency confirming the right to benefits (if not used as evidence of identity);
  • Self-employed in the construction industry – tax exemption certificate (forms C155, C156 or SC60) (if not used as evidence of identity); or
  • HM Revenue and Customs tax notification (if not used as evidence of identity).

We do not accept the following as evidence of address:

  • PO Box numbers
  • Addresses listed as ‘C/O’
  • Online bank statements
  • Online utility bills
  • Health insurance certificates
  • Building contents insurance certificates
  • Motor insurance certificates.

NON-UK PRIVATE INDIVIDUALS

You must provide one document from each list

List A: Identity documents:

  • Full and valid passport;
  • National identity card; or
  • Photo driving licence

List B: Evidence of address:

  • A utility bill issued within the last three months (but not mobile phone bills as these can be sent to different addresses);
  • Bank, credit card, building society or credit union statement issued within the last three months and containing a current address; or
  • A reference from a bank or regulated legal professional who has advised the individual for the past two years.

Certified copies (signed and stamped by an independent regulated professional person) of the above documents are also acceptable.

We do not accept the following as evidence of address:

  • PO Box numbers
  • Addresses listed as ‘C/O’
  • Online bank statements
  • Online utility bills
  • Health insurance certificates
  • Building contents insurance certificates
  • Motor insurance certificates.

CORPORATE BODIES, INCLUDING TRUSTS ETC.

We will not be able to proceed with a transaction from a corporate body until we are fully satisfied that we have identified the ultimate beneficial owner.

Importantly, the Regulations place a legal duty on all corporate bodies, including trusts, to provide us (the relevant person) with this information:

Part 5 of the Regulations states:

Corporate bodies: obligations

43. —(1) When a UK body corporate which is not listed on a regulated market enters into a relevant transaction with a relevant person, or forms a business relationship with a relevant person, the body corporate must on request from the relevant person provide the relevant person with—

(a) Information identifying—
(i) its name, registered number, registered office and principal place of business;
(ii) its board of directors, or if there is no board, the members of the equivalent management body;
(iii) the senior persons responsible for its operations;
(iv) the law to which it is subject;
(v) its legal owners;
(vi) its beneficial owners; and
(b) its articles of association or other governing documents.

CERTIFIED

Documents must be professionally certified by an independent certifier, who has had sight of the original documents, and the date of certification, signature, name, company, position and telephone number of the certifier must be provided.

Documents may be certified by:

UK

  • A credit or financial institution which is an authorised person *FCA regulated entity/individual
  • An auditor, insolvency practitioner, external accountant, tax advisor, or independent legal professional that is supervised by one of the following bodies:
    • Association of Chartered Certified Accountants *Chartered accountant
    • Council for Licenced Conveyancers *Specialist property & probate lawyer
    • Faculty of Advocates *Lawyer
    • General Council of the Bar *Barrister
    • General Council of the Bar of Northern Ireland *Barrister
    • Institute of Chartered Accountants in England and Wales *Chartered accountant
    • Institute of Chartered Accountants in Ireland *Chartered accountant
    • Institute of Chartered Accountants in Scotland *Chartered accountant
    • Law Society *Solicitor
    • Law Society of Scotland *Solicitor
    • Law Society of Northern Ireland *Solicitor

In addition to the above, the following may also certify UK National private individual documentation provided the independent certifier is also located in the UK:

  • Doctor
  • Minister of Religion
  • Savills Employee

Non-UK

  • An authorised representative of an Embassy or Consulate of the county who issued the identification document;
  • A registered notary public, justice of the peace, lawyer or advocate;
  • An accountant who is a member of an accounting professional institution;

or

  • A credit or financial institution who is regulated and supervised for compliance with the requirements laid down in the money laundering directive

Acceptable Certification Wording

Please ensure the following wording is used verbatim:

  • For evidence of identity
    "I certify that this is a true copy of the original document which has been seen. The photograph bears a true likeness of the individual."
  • For evidence of address
    "I certify that this is a true copy of the original document which has been seen." [date, signature, name, company, position and date]

We strongly advise you to prepare the necessary paperwork in advance. This is particularly important with more complex corporate structures as it takes longer to conduct our due diligence, which examines each layer of the structure until we have identified the ultimate beneficial owners. If we are not fully satisfied, we will not be able to proceed with the transaction.

For full details of the requirements, please ask for a copy of our AML Corporate Information Request - Corporate and Trust. If you have questions or would like further information please contact the Savills UK AML Compliance team at Compliance@savills.com

 

More information

 

General Enquiries

London & National Auctions
+44 (0) 20 7824 9091

Nottingham Auctions
+44 (0) 115 934 8080