Anti-Money Laundering Policy

Policy Overview

Precedent Estate Management Ltd is committed to maintaining appropriate safeguards to prevent its services from being used for financial crime.

Although residential block management is not generally a regulated activity under the Money Laundering Regulations 2017, we apply proportionate due diligence and internal financial controls consistent with good governance practice.

Our Approach

When accepting new instructions, we may:

  • Verify the identity of instructing directors or authorised representatives
  • Confirm company registration details and corporate structure
  • Review beneficial ownership where relevant
  • Request written confirmation of authority to act

We operate a risk-based assessment of new instructions and may apply enhanced checks where circumstances warrant.

Ongoing Oversight

Throughout the management relationship, we maintain:

  • Segregated client accounting procedures
  • Transaction monitoring for unusual activity
  • Documented authorisation controls
  • Record retention in accordance with statutory requirements

Suspicious Activity

Where concerns arise, matters are escalated internally and, where appropriate, reported to the relevant authorities in accordance with statutory obligations.

Review

Our internal AML controls are reviewed periodically to reflect legislative developments and operational risk. Further information on our internal AML procedures are available, on request.

Reviewed January 2026.