Anti-Money Laundering and Counter-Terrorism Financing Information
Understanding AML/CTF Requirements:
Why we collects this information?
We are committed to maintaining the highest standards of professional and regulatory compliance To satisfy our obligations under Australia’s AML/CTF legislation, we may be required to verify the identity of our clients and obtain information relating to property transactions. These requirements apply across the real estate industry and are intended to protect both consumers and the broader community from financial crime.
We understand that providing personal information can be sensitive. Our team is committed to conducting this process with professionalism, transparency, and respect for your privacy.
Customer Due Diligence (CDD):
Customer Due Diligence (CDD) is a mandatory process that requires businesses to verify the identity of individuals and entities before providing certain regulated services.
As part of this process, SHERLOCK Homes Group may be required to:
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Verify the identity of individuals involved in a transaction.
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Confirm the ownership and control structure of companies, trusts, partnerships, or other legal entities.
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Understand the nature and purpose of a transaction.
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Conduct additional verification and risk assessment procedures where circumstances warrant enhanced due diligence.
Information we may request:
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Full name, date of birth, residential address, and occupation.
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Valid identification documents, such as a driver’s licence or passport.
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Information relating to the ownership or control of a company, trust, partnership, or other legal entity.
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Documentation or information that assists in understanding the purpose of the transaction.
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Information regarding the source of funds or source of wealth where required under applicable legislation.
How your information is used?
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Compliance with AML/CTF legislation and associated regulatory requirements.
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Verification of customer identity.
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Assessment and management of compliance risks.
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Maintenance of records required by law.
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Fulfilment of reporting obligations to AUSTRAC where applicable.
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Protection against fraud, financial crime, and other unlawful activities.
Privacy and Data Protection:
SHERLOCK Homes Group is committed to safeguarding the privacy and security of personal information.
We will only collect, use, and retain information that is reasonably necessary to meet our legal and regulatory obligations. Personal information is managed in accordance with applicable privacy legislation and our Privacy Policy, with appropriate measures in place to protect it from unauthorised access, misuse, loss, or disclosure.
Refer to our PRIVACY STATEMENT for more information.