Superbowl Weekend Kicks Off the Spring Homebuying Season
It’s time to get ready

Compliance makes

The Bahamas a safer place to invest

 

Morley is doing its part in this global fight against

money laundering and terrorism financing by providing 

high ethical and professional standards to discourage 

criminal activity.

 

Knowing that Morley takes your financial security seriously, 

is our assurance and peace of mind.

   

Here for Good

Real Estate Compliance Requirements

In 2012, the Financial Action Task Force (FATF) commenced a global push toward increased transparency in financial transactions to combat money laundering and terrorist financing efforts more effectively. In 2018, the Bahamas Government passed the Financial Transactions Reporting Act to join this global effort, thereby protecting the investment grade of The Bahamas and reinforcing its status as a trusted country for international investment.

This law requires all real estate agents and developers (as well as attorneys) to obtain Know Your Client/Customer (KYC) information on both the buyer and seller in a real estate sale or purchase. The KYC is then securely retained for a specific period before being destroyed.

All real estate sellers and buyers must complete a KYC form which includes the person’s name, country of residence and business, and a copy of two government-issued identifications and proof of residence address.

Have Any Further Questions?

Let's Connect
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info