AML Policy

1. Our regulatory status

Fundsure Ltd is supervised by HMRC under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended). Our HMRC AML registration number is XKML00000206994. This supervision covers the compliance support activities we provide to landlords through PRS Shield.

• HMRC AML registration: XKML00000206994
• Company number: 12804657

2. Our AML obligations

As an HMRC-supervised firm, Fundsure Ltd is required to:

• Conduct customer due diligence on clients
• Screen clients and their tenants against sanctions lists
• Maintain records for a minimum of 5 years
• Report suspicious activity to the National Crime Agency
• Train staff on AML obligations annually

3. How this affects you as a PRS Shield user

When you subscribe to PRS Shield, Fundsure Ltd applies its standard client onboarding procedures in accordance with our HMRC AML supervision obligations. This includes sanctions screening and such other checks as are required by our HMRC supervision framework.

Your tenant compliance checks are conducted under our HMRC supervision, providing you with a regulated firm backstop.

4. Suspicious Activity Reports

If, in the course of providing services, we form a suspicion that money laundering or terrorist financing is occurring, we are legally required to submit a Suspicious Activity Report (SAR) to the National Crime Agency.

We are prohibited by law from informing you if we have made or are considering making a SAR. This is known as "tipping off" and is a criminal offence under the Proceeds of Crime Act 2002.

5. Contact

For AML-related queries, contact support@prs-shield.co.uk.