What do I do if my AML report fails/shows a caution or consider result?

At Moverly, our role is to provide agents with comprehensive and reliable AML reports to assist their due diligence efforts. In some cases, reports may contain cautions that require further assessment and judgment.

As a trusted partner, we want to emphasise that while we strive to deliver accurate and detailed information, it is ultimately the agent's responsibility to determine their firm's risk tolerance and decide on the appropriate course of action based on the internal AML policies and procedures.

When you receive a report with cautions, we recommend reviewing the findings carefully and assessing whether they align with your firm's risk appetite. If the cautions raise concerns or require further clarification, you may need to seek additional information from your client to verify the legitimacy of their identity, source of funds, or the nature of their business activities.

However, if the cautions are deemed acceptable within your firm's risk framework and do not materially impact your ability to proceed with the transaction, you may choose to document your rationale and move forward accordingly.

Please keep in mind that as an estate agent, you are ultimately responsible for ensuring compliance with AML regulations and safeguarding your business from potential money laundering or terrorist financing risks. While Moverly provides the necessary tools and information to support your due diligence, the final decision on how to proceed rests with you and your firm's designated AML Compliance Officer or Senior Management.

If you have any questions or require further guidance on interpreting the reports or understanding your AML obligations, we encourage you to consult with your internal compliance team or seek advice from legal professionals specialising in AML matters.