In the real estate sector, trust is the cornerstone of any business relationship. But trust also relies on a strict legal framework — often misunderstood or overlooked. We’re talking about anti-money laundering and counter-terrorist financing (AML/CFT) regulations. Complex terms, yes — but crucial rules every professional must follow.
🔎 What the Law Requires
Under the amended law of November 12, 2004, real estate agents are key players in preventing illegal financial flows. This means that from the very beginning of the relationship, and well before a sales agreement is signed, several checks are mandatory:
- Client identity verification (including any representative),
- Identification of the beneficial owner (especially for corporate entities),
- Verification of the origin of funds (pay slips, bank statements, etc.),
- Checking international sanctions lists and politically exposed persons (PEPs).
These are not bureaucratic formalities. They secure each transaction and help prevent criminal misuse of the property market.
❗ Misunderstandings That Can Be Avoided
In practice, misunderstandings remain frequent: clients may refuse to provide documents or banks may decline to issue a simple fund confirmation. These situations create unnecessary tension, delay legitimate deals, and put the real estate agent in a difficult position — despite complying with the law.
👤 A Profession Serving Integrity
Being a real estate agent isn’t just about showing properties and negotiating prices. It’s also about being a legal gatekeeper and ethical advisor, with real responsibility. This essential role deserves greater recognition and understanding — from both clients and industry partners.
🛡️ Rebuilding Trust Through Transparency
At Vevalo, we choose to approach these topics with clarity and pedagogy. Every client is informed early on about which documents are needed — and why. Because compliance isn’t a burden, it’s a badge of trust and professionalism.
📢 Final Word
🔐 AML/CFT obligations are not optional.
✅ They protect the market, the agencies, and the clients.
🤝 Let’s build a shared culture of compliance and transparency.
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