AML / KYC Policy – Kresproperty

Our Compliance Commitment

Kresproperty is committed to the highest standards of anti-money laundering (AML) compliance and combating the financing of terrorism (CFT). We comply with all applicable laws and regulations in the jurisdictions in which we operate, including the UK's Proceeds of Crime Act 2002, the Money Laundering Regulations 2017, and FATF guidelines.

1. Purpose and Scope

This policy applies to all investors, partners, employees, and agents who interact with Kresproperty's platform or services. It sets out our procedures for identifying, assessing, and managing the risks of money laundering and terrorist financing associated with our real estate investment activities.

All staff are trained on this policy and are required to complete annual AML/CFT training. Our Compliance Officer oversees implementation and reports directly to the Board.

2. Customer Due Diligence (KYC)

We are required by law to verify the identity of all investors before accepting funds. This process is known as Customer Due Diligence (CDD) or "Know Your Customer" (KYC).

2.1 Standard Due Diligence (all investors)

Government-issued photo ID (passport, national ID card, or driving licence)

Proof of address dated within the last 3 months (utility bill, bank statement)

Date of birth verification

Selfie / liveness check (for digital onboarding)

2.2 Enhanced Due Diligence (investments above $50,000)

Source of funds declaration

Source of wealth documentation (employment contract, business accounts, or inheritance records)

PEP (Politically Exposed Person) and sanctions screening

Ongoing transaction monitoring

3. Identity Verification Technology

We use Onfido, an FCA-regulated identity verification provider, to automate and secure the KYC process. Document scans are checked for authenticity against global document databases. Facial recognition technology compares selfie images against ID photographs. Results are processed within 24 hours in most cases.

4. Risk Assessment

Each investor is assigned a risk rating (Low, Medium, or High) based on factors including their country of residence, source of funds, investment amount, and transaction patterns. Higher-risk customers are subject to enhanced monitoring and periodic review.

We do not accept investors from FATF high-risk or non-cooperative jurisdictions, or from countries subject to comprehensive international sanctions.

5. Suspicious Activity Reporting

Any employee or officer of Kresproperty who knows or suspects that a customer is engaged in money laundering or terrorist financing is required to file a Suspicious Activity Report (SAR) with the UK's National Crime Agency (NCA) in accordance with the Proceeds of Crime Act 2002. Tipping-off (informing the subject of a SAR) is a criminal offence.

6. Record Keeping

All KYC documents, customer due diligence records, and transaction records are retained for a minimum of 5 years from the end of the customer relationship, in accordance with Money Laundering Regulations 2017, Regulation 40.

7. Investor Privacy

KYC data is processed solely for the purposes of regulatory compliance and fraud prevention. It is not sold or shared with third parties except where required by law or where necessary to complete identity verification (e.g., sharing with Onfido). See our Privacy Policy for full details.

8. Contact

For questions about our AML/KYC policy, contact our Compliance Officer at compliance@kresproperty.com.

Anti-Money Laundering &Know Your Customer Policy