Identity Checks
Buyers, sellers and relevant representatives may be required to provide identity, address, company ownership and authority evidence. Screening can include sanctions, PEP and adverse-media checks.
Legal Centre
AML/KYC Policy
The identity, ownership, source-of-funds and risk-screening checks used to protect sellers, buyers and auction integrity.
Source of Funds
Where risk indicators require it, users may need to provide bank statements, sale evidence, probate documents, gift letters, loan agreements or other source-of-funds information.
Company and Trust Checks
Companies, trusts and other entities may need to provide registration details, beneficial ownership evidence, director authority and supporting documents.
Ongoing Monitoring
Checks may be refreshed where risk changes, documents expire, transaction details alter or unusual activity is identified.
Refusal Rights
Letterbox may delay, refuse or cancel access, bidding, listing or completion support where AML/KYC requirements are not met or concerns cannot be resolved.
Independent advice
Property auction documents should be reviewed with appropriately qualified legal, financial, tax and surveying advisers before any binding decision is made.