Carron Real Estate Limited — Anti-Money Laundering Policy

**Last updated: May 2026**

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Our legal obligations

Carron Real Estate Limited is subject to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) and the Proceeds of Crime Act 2002. We are registered with HMRC as a supervised business under the Money Laundering Regulations.

As a regulated business, we are required to apply Customer Due Diligence (CDD) measures before acting for new clients and, where appropriate, on an ongoing basis for existing clients. This means we are legally obliged to verify your identity and, where applicable, the identity of any beneficial owners of a business before we can provide our services.

We take our obligations in this regard seriously. Failure to comply with these requirements is a criminal offence, and we are unable to act for any client who does not satisfactorily complete our verification procedures.

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What is money laundering?

Money laundering is the process by which the proceeds of crime are converted into assets that appear to have a legitimate origin. Terrorist financing involves the use of funds — whether from legitimate or criminal sources — to support terrorist activity.

Property transactions and related professional services can be targeted by those seeking to launder money, which is why businesses such as ours are subject to regulation in this area.

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What we require from you

Before we can act on your behalf, we will ask you to provide documentation to verify your identity and address. The information we require will depend on whether you are acting as an individual or on behalf of a company or other entity.

**For individuals, we will typically require:**

– A current passport or UK photocard driving licence (proof of identity)
– A recent utility bill, bank statement or official correspondence dated within the last three months (proof of address)

**For companies and other entities, we will typically require:**

– Confirmation of the company’s registered name, number and registered office
– Evidence of the identity of directors and any beneficial owners holding 25% or more of the shares or voting rights
– A copy of the certificate of incorporation or equivalent

We may use electronic verification services to assist in fulfilling our obligations. Where we do so, this will not affect your credit rating.

In some circumstances, we may be required to carry out Enhanced Due Diligence, for example where a transaction involves a higher-risk jurisdiction or a politically exposed person (PEP). We will notify you if this applies.

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Ongoing monitoring

Our obligations do not end at the outset of an engagement. We are required to monitor our business relationships on an ongoing basis and may request updated verification documentation from time to time, particularly where the nature of an instruction changes or where a significant period has elapsed since verification was last carried out.

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Suspicious activity

Where we have knowledge or reasonable suspicion that money laundering or terrorist financing is taking place, we are required by law to file a Suspicious Activity Report (SAR) with the National Crime Agency (NCA). We are legally prohibited from informing you if we have made, or are considering making, such a report (commonly referred to as “tipping off”).

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Our nominated officer

Our nominated Money Laundering Reporting Officer (MLRO) is:

**Paul McInnes**
Carron Real Estate Limited
25 Sandyford Place, Glasgow, G3 7NG
**Email:** info@carronrealestate.co.uk
**Phone:** 0131 235 2195

Any internal concerns regarding money laundering or terrorist financing should be reported to the MLRO.

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Record keeping

We retain identity verification records and supporting documentation for a minimum of five years from the end of our business relationship with you, in accordance with the Money Laundering Regulations 2017.

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Contact us

If you have any questions about our anti-money laundering procedures or the information we require from you, please do not hesitate to contact us:

**Email:** info@carronrealestate.co.uk
**Phone:** 0131 235 2195

Carron Real Estate Limited, 25 Sandyford Place, Glasgow, G3 7NG. Registered in Scotland, company number SC475161.