Money Laundering Regulations
All buyers attending our auctions and transacting business with us must provide relevant documentation in order to prove their identity and place of residence. Buyers should note that copies taken are subject to all data protection regulations.
If you are attending the auction on behalf of a potential buyer, you must be able to provide proof of your own identity and residence and certiﬁed copies of the buyer’s identity and residence. Certiﬁed copies must be of original documentation and bearing an original signature of the person certifying the document and signed as true certiﬁed copies. Only certiﬁed copies by a UK lawyer, UK banker, authorised ﬁnancial intermediary such as an independent ﬁnancial advisor, FCA regulated mortgage broker, certiﬁed accountant, teacher, doctor, minister of religion, post master or sub-post master. All of the above must be capable of being contacted by telephone by us prior to you buying and/or on the day of the auction.
Documentation bidders/buyers must show to us
If you conduct business with us and are a UK individual, the documents we can accept are listed below. We must verify your name and residential address and require two documents.
ONE DOCUMENT MUST BE FROM LIST A AND ONE DOCUMENT FROM LIST B.
You must allow us to copy this documentation for storage and ﬁlling for 5 years.
For UK trusts, companies and partnerships, occupational pension schemes, registered charities in England and Wales, local authorities or non-UK individuals you should contact us well in advance of bidding at the auction or buying to conﬁrm the documentation we require.
LIST A - evidence of identity (including photograph)
_ Current valid signed passport
_ Current valid signed UK photo-card driving licence
_ A valid identity card (HM forces, police warrant card, prison ofﬁcer, government to local authority issued)
_ A ﬁrearm or shotgun certiﬁcate
LIST B - evidence of residence (and showing your name)
_ An original HMRC tax notiﬁcation, self-assessment statement or tax demand for the current year
_ An original utility bill less than three months (not mobile phone)
_ An original council tax bill less than three months old
_ An original council rent book showing rent paid for the last three months
_ An original mortgage statement for the mortgage accounting year just ended
_ An original statement for either current bank, building society or credit card account which is less than three months old
Queries and contacting us
If you have any queries relating to these regulations and our requirements you should contact us well in advance of bidding at auction or buying before or after the auction, please call the team on 01248 75 39 39 or by email to Northwales@allwalesauction.com We are committed to preventing our services being used for the purposes of money laundering and in addition to asking you for proof of ID and address we carry out electronic ID veriﬁcation of all vendors and purchasers. This is not a credit check and the ID veriﬁcation ‘footprint’ left on your credit ﬁle will not affect your credit score. If you have any questions, please refer these to a member of the auction staff.