Measures Against Money Laundering Act
Introduction
Welcome to our platform BulgarIMOT.bg, a collaborative effort supported by the partnership between our digital management company (DracoLead Ltd (EIK/PIK: 207532520) and various reputable real estate agencies. This partnership is built upon a foundation of mutual respect, integrity, and a commitment to providing transparent, lawful real estate services to our clients. We manage the digital aspects, while our partnered agencies offer their expertise in real estate, ensuring that clients have a seamless, professional, and secure experience in their property dealings.
Legal Obligations under the MMLA
Our partnered real estate agencies operate in strict adherence to the Bulgarian anti-money laundering laws, ensuring compliance with all regulatory requirements. These obligations include:
- Client Identification: Verifying the identity of clients before establishing a business or brokerage relationship.
- Continuous Monitoring: Ongoing monitoring of transactions and business relationships.
- Reporting: Alerting the relevant authorities to suspicious transactions.
- Data Retention: Keeping client data for a period defined by law.
Client Verification Process
The agencies we partner with conduct thorough due diligence to identify and verify the identity of clients and stakeholders in real estate transactions. This may involve the provision of:
- Valid identification.
- Proof of address documents.
- Information regarding the origin of funds used for the transaction.
Data Retention
In compliance with anti-money laundering regulations, our partner agencies securely retain data for a minimum of five years, with access restricted to authorized personnel.
Cooperation with Authorities
Our real estate agency partners are committed to cooperating with both local and international authorities to prevent money laundering and terrorist financing. They are dedicated to reporting suspicious activities and providing necessary information for investigations.
Staff Training
The staff at our partnered agencies receive regular training on anti-money laundering laws and regulations to ensure ongoing compliance.
Contact
For inquiries or further information regarding the anti-money laundering policies and procedures of our partnered agencies, please refer to their respective contact pages on our platform.
