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KYC obligations on regulated entities in property transactions
This article discusses a case where the Inner House of the Court of Session considered the contract in relation to a property sold at auction, and whether the seller was entitled to resile based on concerns about the KYC information provided by the buyer. The case also provides important guidance on the application of the Money Laundering Regulations 2007.
Document type: Insights
Last updated: 23 August 2018
First published: 18 July 2018