AML Procedures

Benjamin Stevens Auctions are legally obliged to comply with the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002 supervised by HMRC.  

Under the money laundering, financing and transfer of funds regulations 2017, we must complete due diligence on our clients. This may include verification and know your client checks. 

We will need to confirm the identity of: 

  • The seller
  • If different from the seller, the agent acting on their behalf
  • If different from the above, any other acting party 

CREDAS is the platform we use to confirm your identity. With the help of your smartphone, you can upload your identification and certified address documents into the app. 

If you are acting as the seller’s representative, you will need to submit written proof of your authority to act on their behalf. If you live outside the UK, you will need to upload proof of your address:

  • Bank letter stating the bank has acted on behalf of the individual for the last 3 years
  • Bank, credit card, building society statement issued within the last three months
  • A utility bill issued within the last three months

Your data is important, we have procedures in place to prevent unauthorised access to your data.

Please see our verification guidelines for a list of acceptable documents and CREDAS instructions.

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