Find AML compliance confusing? Meet
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The science
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Don’t get caught out over non-compliance

Tightening anti-money laundering (AML) legislation is making life tough for Estate Agents. Failure to comply could see agents facing a fine – the average fine imposed for non-compliance is approximately £12,000, imprisonment of up to two years or both!
Since 2017, agents have been subject to more far reaching AML regulations than previously. Most notably, these regulations introduced a key change requiring due diligence checks to be undertaken by agents on both the vendor and the buyer.

As a result, it’s now essential that you have measures in place to minimise risk and ensure your business is compliant.

iamproperty compliance was developed by Estate Agents for Estate Agents to take the complication out of AML compliance.
It’s the most cost-effective AML service available, helping to reduce your admin burden, save you time and give you peace of mind that your agency has compliance covered!

Meet M.A.R.C

With iamproperty compliance you’ll benefit from:

Online, real-time risk assessment tool providing immediate results for both vendors and buyers
Three levels of ID verification checks, giving you the flexibility to choose the right level of AML assurance. Level 1 provides PEP and Sanctions checks, level 2 provides full electronic confirmation and level 3 provides a full biometric identity verification check (incorporating levels 1 and 2) including facial recognition, data verification and document authentication to confirm identity and proof of address. (Ideal for remote circumstances and to save you time!)
Educational resources, including comprehensive video library to help fulfil your AML training obligations – with annual certification available
Automatic updates for new AML legislation
Live chat support
AML compliance helpline provided by Compliance Matters
Property Register searches to quickly identify ownership of a property so owners can be risk assessed

Want to keep everything in one place?
For complete convenience, we also offer additional pay-as-you-go services

Full integration with HM Land Registry, allowing you to download Title Registers and Title Plans

Frequently asked questions

Can I use my credits at any time?

Purchasing your first credits begins a contract period of 12 months and you’ll be able to use your credits at any time within this period. At the end of this period, any unused credit will not roll over. If you run out of credits within this period you can purchase more, at which point a new 12 month contract will begin.

What happens when I run out of credit?

Once you run out of credits you’ll be prompted to purchase more – only the Business Owner/Account Administrator can do this. If there are card payment details saved, you can select a new credit bundle straight away. If you don’t have card payment details saved, you’ll be asked to provide them in order to purchase more credits. You will again have the option to save these details for future purchases, but you can change this preference at any time under billings and payments in the My Account section of the iamproperty portal.

What happens if I don’t purchase credits when I run out?

The system will prompt you when you’re running low on credits to purchase more, and then again when you run out. When you run out, you won’t be able to carry out any searches until you purchase more credits. If you don’t purchase any more credits you can still access the dashboard, but you’ll be unable to complete any ID checks.

Why do I need to put card details in for credit bundle purchases and Land Registry documents?

Land Registry documents are purchased independently of ID checks and searches. Payment of Land Registry documents is not taken from your credit allowance (which is bought as a bundle up front) but instead is charged at a standard rate of £3.00 per Title Plan or Title Register. These purchases are itemised on your billing so your reference.

Is it more expensive to purchase Land Registry documents through iamproperty compliance than is it via Land registry websites?

No, the cost is the same. You can order a Title Register and a Title Plan for £3.00 each through the iamproperty compliance dashboard, which means the documents are automatically saved to the transaction. Prices are the same as purchasing directly via the Land Registry website, but if you do it that way you would need to order and then upload documents to the relevant transaction yourself.

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iamproperty is the registered trademark of Intelligent Services Group Ltd. Registered Company in England and Wales, Company Number: 8145257. VAT Number: 319160025. Designated trademarks and brands are the property of their respective owners.

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