Estate agents are often juggling multiple responsibilities, from negotiating deals to communicating with clients, to marketing and listing properties. But there’s one task that frequently tops the list for not only being particularly time-consuming but stress inducing as well – verifying the identities and running anti-money laundering checks on their clients. This isn’t just paperwork, it’s an essential task for staying compliant and preventing fraud, so it can’t be avoided. It’s no wonder it can often be the cause of extreme stress when the authorities come knocking.
If only there was a way to remove the burden of compliance off the shoulders of estate agents.
Estate agents need to care about compliance because the penalties are high and audits are becoming more and more common. Since AML supervision came in there have been over £2.5 million in AML penalties for estate agencies alone.
Unfortunately, many estate agents do not have robust AML measures in place.
A digital solution for property fraud prevention
Not all compliance solutions are created the same. Built on the powerful Coadjute platform, Assured Compliance is a comprehensive compliance service that takes care of the whole process.
The Coadjute platform is designed to provide estate agents with exactly the right tools and data needed to get the required jobs done at every stage of the transaction. The platform doesn’t just help agents, it makes their lives easier too, particularly when it comes to identity checks.
Coadjute’s Assured Compliance service isn’t just another tool but an end-to-end AML service. At its core, Assured Compliance is all about easing the pain of compliance checks. It offers an integrated approach to digital identity checks, helping estate agents quickly and accurately verify client identities. Instead of the usual manual checks, which can be cumbersome and prone to error, Assured Compliance digitises the process, ensuring accuracy and speed.
Simplifying AML checks for estate agents
The beauty of Assured Compliance lies in its simplicity, we do all the hard work for you.
Here’s how this part of the property transaction works with Assured Compliance:
This streamlined process answers a common concern: how estate agents verify client identities, perform KYC, and effectively. Instead of spending hours manually validating documents, estate agents can now rely on an automated process that’s not only robust and user-friendly but guarantees compliance.Any of the above types of Cookie may be a session Cookie. Session cookies are temporary and only remain on your computer or device from the point at which you visit our sites until you close your browser. Session cookies are deleted when you close your browser.
I love working with Coadjute – the team are friendly, approachable and speedy at getting AML checks through. The system is so easy to use and ensures that we are fully compliant. I would highly recommend working with Coadjute. – Jemma Nash (Sales Manager)
Switching to Assured Compliance comes with a host of benefits:
If verifying client identities feels like a daunting chore, Assured Compliance can turn it into the most straightforward of tasks. Say goodbye to cumbersome paperwork and hello to quick, secure, compliant, and revenue making identity checks.