How we help real estate and letting companies to prevent financial crime and achieve compliance
With the potential for high value transactions and obsure ownership structures, real estate transaction can be targeted for money laundering in several ways that may include:.
- Use of Shell Companies – Criminals buy property under anonymous or offshore entities to conceal ownership.
- Over/Under-Invoicing – Buying or selling property at a false price to move or hide funds.
- Use of Third Parties – Purchasing property in another person’s name (nominee) to avoid detection.
- All-Cash Transactions – Avoiding financial institutions and due diligence by using cash or cryptocurrency.
- Rapid Resale (Flipping) – Buying and selling quickly to disguise illicit gains as capital appreciation.
For real estate professionals, staying on top of Anti-Money Laundering compliance isn’t just best practice—it’s essential. Failing to do so can lead to hefty fines, serious reputational damage, and even jail time for senior leaders.
Compliability’s KYC and Sanction screening improves the efficiency of banks’ compliance workloads by reducing false positives by up to 70 percent and shortening onboarding cycle times by up to 50 percent.
Our KYC checks rapidly to verify identity, then screens against global PEPs and Sanction databases to give you the highest protection against terrorism funding, fraud and other unlawful financial activity.
Effortlessly manage and reduce risk by cross-referencing over 300 trusted data sources—including credit data, global PEPs and sanctions lists, passports, European ID cards, electoral rolls, and utility records.
Using our Salesforce plug-in, all checks can be made within the CRM and results seamlessly added to the CRM record.