PropertyScan is built around Anti-Money Laundering compliance. Every sourcer and investor on the platform has passed our rigorous KYC and AML verification process — before a single deal is listed or accessed.
Anti-Money Laundering (AML) is a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. Property is one of the highest-risk sectors for money laundering in the UK.
Under the Money Laundering Regulations 2017 (MLR 2017), businesses facilitating property transactions — including property sourcers and sourcing platforms — are legally required to implement AML controls, conduct Customer Due Diligence (CDD), and report suspicious activity.
PropertyScan operates in full compliance with MLR 2017 and HMRC guidance for the property sector. We do not allow any user — sourcer or investor — to transact on the platform without completing our verification process.
Money Laundering Regulations 2017 — the primary AML legislation for UK businesses
Proceeds of Crime Act — criminalises money laundering and requires suspicious activity reporting
PropertyScan and all registered sourcers comply with HMRC's AML supervision guidance for estate agents
Financial Action Task Force standards — international AML best practice adopted by the UK
Every sourcer must meet our AML compliance checklist before their account is approved and any deals go live on the marketplace.
All sourcers must hold a current Anti-Money Laundering certificate from an HMRC-approved training provider. This must be renewed and re-submitted annually.
Sourcers are required to conduct Customer Due Diligence on vendors before listing any property. This includes verifying the vendor's identity and ownership of the asset.
Where relevant, sourcers must obtain evidence that the vendor's funds are legitimate and not derived from criminal activity.
Property sourcing agents must be registered with HMRC under the Money Laundering Regulations 2017 (MLR 2017). PropertyScan verifies this registration before approval.
Sourcers are expected to keep records of all due diligence for a minimum of 5 years and cooperate with any compliance requests from PropertyScan or relevant authorities.
Investors must complete our Know Your Customer (KYC) process before accessing full deal details, deal packs, or completing any transactions.
A government-issued photo ID (passport or driving licence) is required to verify your identity in accordance with the MLR 2017 Know Your Customer (KYC) obligations.
A utility bill or bank statement dated within the last 3 months confirming your current residential address.
Evidence that you have the financial capacity to complete on deals — for example, a bank statement, mortgage in principle, or investment account statement.
A brief explanation of how your investment funds were accumulated (employment, business income, inheritance, sale of assets, etc.). This is a standard AML requirement for all property transactions.
A short questionnaire assessing your experience with property investment, your risk appetite, and your understanding that PropertyScan does not provide regulated financial advice.
Property has historically been exploited for money laundering due to high transaction values and complex ownership structures. UK law requires that anyone facilitating property transactions implements robust checks to prevent this.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), the Proceeds of Crime Act 2002 (POCA), and HMRC's guidance for estate agents and property sourcing agents.
Yes. All documents are encrypted at rest and in transit via Supabase Storage with row-level security. Only our authorised compliance team can access verification documents.
Verification will be paused until all required documents are submitted. We may ask for alternative documentation if your circumstances make standard documents difficult to obtain — contact us to discuss.
In line with MLR 2017, all verification records are retained for a minimum of 5 years from the end of the business relationship.
Every user on PropertyScan has passed AML verification. It's what makes the platform trustworthy for everyone.
PropertyScan is an AML-compliant deal marketplace facilitating introductions between verified property professionals. This page is for information purposes only and does not constitute legal or financial advice.