Compliance & Regulation
Committed to the highest standards of regulatory compliance and professional conduct
KRS Property Sourcing Ltd (Company Registration Number: 17137256) operates in full compliance with all relevant UK regulations governing property services, data protection, and financial conduct. We are committed to maintaining the highest standards of professionalism, transparency, and ethical practice.
Regulatory Registrations
HMRC Registration
We are registered with Her Majesty's Revenue and Customs (HMRC) and comply with all UK tax regulations.
Anti-Money Laundering (AML)
We are supervised by HMRC for compliance with UK Anti-Money Laundering Regulations.
ICO Registration
Registered with the Information Commissioner's Office (ICO) for data protection compliance.
Property Redress Scheme
Member of an approved Property Redress Scheme for independent dispute resolution.
Professional Indemnity Insurance
We maintain comprehensive Professional Indemnity Insurance to protect our clients and our business.
Anti-Money Laundering (AML) & Know Your Customer (KYC)
As part of our commitment to preventing financial crime, we are required by law to conduct thorough identity verification and due diligence checks on all clients. These procedures help protect both our business and our clients from fraud, money laundering, and terrorist financing.
Client Verification Requirements
All clients must provide the following documentation:
1. Identity Verification
- • Valid passport or UK driving license (photo page)
- • Must be current and not expired
- • Clear, legible copies or scans required
2. Proof of Address
- • Recent utility bill (gas, electricity, water) dated within last 3 months
- • Bank statement dated within last 3 months
- • Council tax bill (current year)
- • Must show your full name and current residential address
3. Proof of Funds
- • Bank statements showing available funds
- • Mortgage agreement in principle (if applicable)
- • Evidence of source of funds (salary, savings, investments, inheritance, etc.)
- • For cash buyers: evidence of liquid assets
4. Source of Wealth
- • Employment details and income verification
- • Business ownership documentation (if applicable)
- • Investment portfolio statements (if applicable)
- • Inheritance documentation (if applicable)
Why We Need This Information
- • Legal Requirement: UK law requires us to verify client identity and source of funds
- • Fraud Prevention: Protects you and us from identity theft and financial fraud
- • Regulatory Compliance: Ensures we meet HMRC supervision requirements
- • Professional Standards: Demonstrates our commitment to ethical business practices
Data Protection & Privacy
We are registered with the Information Commissioner's Office (ICO) and comply with the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018.
Our Data Protection Commitments
- We process personal data lawfully, fairly, and transparently
- We collect data only for specified, explicit, and legitimate purposes
- We keep data accurate and up to date
- We retain data only as long as necessary
- We implement appropriate security measures to protect your data
- We respect your rights regarding your personal data
For full details, please see our Privacy Policy.
Professional Standards & Ethics
Transparency
We provide clear, honest information about our services, fees, and processes. All costs are disclosed upfront with no hidden charges.
Integrity
We conduct our business with honesty and integrity, always acting in the best interests of our clients while maintaining professional boundaries.
Confidentiality
We treat all client information with strict confidentiality and only share data when legally required or with your explicit consent.
Accountability
We take responsibility for our actions and decisions. If issues arise, we address them promptly and fairly through our complaints procedure.
Record Keeping & Retention
We maintain comprehensive records in compliance with legal and regulatory requirements:
- AML/KYC Records:Retained for minimum 5 years after end of business relationship
- Financial Records:Retained for minimum 6 years (HMRC requirement)
- Client Communications:Retained for duration of relationship and as legally required
- Transaction Records:Retained for minimum 6 years
Questions About Compliance?
If you have questions about our compliance procedures, regulatory registrations, or data protection practices, please contact us: