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Money Laundering Customer Due Diligence on Buyers – is it an obligation?

From Property Talk Live on April 1, 2016

There is a substantial amount of misunderstanding over this question, which needs clarifying.  

In general terms, the Money Laundering Regulations require sales agents to carry out customer due diligence (CDD) on their ‘customers’.  

Customers are defined as the individuals or businesses that enter into contracts with sales agents to market…

Source: Property Talk Live