Buyer & seller screening
Screen both sides of a transaction against sanctions, PEP, and adverse-media data before contracts are exchanged. Configurable matching keeps agents moving without a flood of false positives.
Industry solution
AML Compliance for Real Estate
Screen buyers, sellers, and beneficial owners, and verify source of funds on high-value property, as more jurisdictions bring real estate agents into AML scope.
Last updated
What MemberCheck covers
- Buyer & seller screening
- Beneficial ownership (KYB)
- Source-of-funds verification
- PEP & sanctions screening
- Transaction recordkeeping
The challenge
Why AML matters in Real Estate.
Property is one of the most established ways to move large amounts of illicit money, because a single transaction can absorb a great deal of value and the ownership can be hidden behind companies and trusts. Estate agents are designated non-financial businesses and professions under the FATF standards, and a growing number of jurisdictions bring property professionals into AML regimes, including Australia's Tranche 2 reforms. Agencies therefore have to verify the parties to a deal, understand where the money comes from, and keep records that a regulator can inspect.
The work has to fit the pace of a transaction. Buyers and sellers, and the beneficial owners behind any corporate purchaser, need screening before settlement, and high-value deals call for a closer look at source of funds without holding up a legitimate sale.
MemberCheck supports this end to end: screen both sides of the deal, map ownership where an entity is involved, review the parties behind purchase funds, and retain the evidence against each transaction in an audit-ready record.
How MemberCheck helps
All solutions →Built into how your team already works.
Beneficial ownership on entity purchases
Identify the people behind company and trust buyers so a corporate purchaser is not used to hide the real owner. MemberCheck maps ownership and control before settlement.
Source-of-funds checks
Support review of large deposits and purchase funds by screening the parties involved and flagging exposure on high-value deals. Evidence is retained against the transaction.
Enhanced due diligence
Escalate high-value or politically exposed buyers into deeper review with adverse-media and ownership checks. The reasons for proceeding are documented for each deal.
Transaction recordkeeping
Keep identity, screening, and source-of-funds records against each transaction in an audit-ready store. Records can be produced for a regulator or auditor on request.
What you need to cover
The obligations MemberCheck supports.
- Customer due diligence on buyers and sellers
- Identification of beneficial owners for entity purchasers
- Source-of-funds verification on high-value transactions
- PEP, sanctions, and watchlist screening
- Enhanced due diligence for higher-risk deals
- Record keeping and suspicious matter reporting
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Are real estate agents regulated for AML?
In a growing number of regimes. Estate agents sit in the DNFBP category the FATF standards ask countries to bring into AML regulation, with scope and timing set locally. Australia's Tranche 2 reforms brought real estate agents and property professionals into the AML/CTF regime, requiring customer due diligence, screening, and reporting on property transactions.
Do we need to screen both the buyer and the seller?
Yes. Both parties to a transaction should be screened, along with any beneficial owners where a company or trust is the buyer or seller.
How does MemberCheck help verify source of funds on a purchase?
You can screen the parties behind purchase funds and deposits and flag PEP or sanctions exposure, keeping the supporting evidence against the transaction record.
What if the buyer is a company or a trust?
MemberCheck's KYB workflow identifies the beneficial owners behind an entity purchaser so you can screen the real people, not just the shell.
See MemberCheck for Real Estate.
Book a walkthrough with our compliance team and screen a real case in the first session.