Hollis Morgan | Essential Guide to Buying at Auction

identification and anti money laundering The EU‘s second money Laundering Directive was laid before parliament at the end of December 2003 and the regulations apply from May 1st 2004.

For each purchaser you must provide TWO FORMS OF ID, one document from each list Identity documents: ❚ Current signed passport ❚ Current UK Photo card driving licence ❚ Resident permit issued by the Home Office to EU Nationals ❚ Inland Revenue Tax Notification ❚ Firearms Certificate

Evidence of address: ❚ A utility bill issued within the last 3 months ❚ Local authority tax bill (current year) ❚ Bank, building society or credit union statement ❚ Most recent mortgage statement from a UK lender

The three sets of legislation are as follows:

❚ The Money Laundering Regulations 2007 ❚ The Proceeds of Crime Act 2002 ❚ Terrorism act 2000 as amended by the Anti Terrorism, Crime and Security Act 2001 PLEASE NOTE THAT any person buying or bidding at auction, MUST produce documentation to confirm their name and residential address.

❚ An identity card issued by the Electoral Office for Northern Ireland.

Please find opposite a schedule of acceptable documentation.

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