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.
Compliance is critical
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.
What is Assured Compliance by Coadjute?
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.
How does Assured Compliance work?
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:
- Request client check: You request your clients’ complete a digital identity check at the click of a button in Coadjute, this also includes proof of ownership and source of funds.
- Client sends check: Your client securely completes and submits their identification documents online.
- We verify the information: We then do the heavy lifting for you by verifying their documents using advanced digital identity solutions, checking multiple trusted databases and regulatory watchlists.
- Compliance confirmation: You receive confirmation that your client has passed the required AML checks.
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.
Why estate agents love using Assured Compliance
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:
- Time efficiency: Save heaps of time as we take the burden off of your hands entirely.
- Deliver a stellar service: Assured Compliances gets your sellers and buyers onboarded in no time at all, ready for the next part of the process.
- Regulatory confidence: Have peace of mind that our process is completely secure, protecting you from fraud at all times, and up-to-date with any changing compliance regulations.
- Create a new revenue stream: Turn the act of having to complete compliance checks into a steady new source of revenue.
Ready to streamline your identity verification process?
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.
