What is a sanctions check?

Frequently Asked Questions – Sanctions Checks

❓ What is a sanctions check?

A sanctions check is a process where we screen individuals and companies against official government and international lists of people or organisations subject to financial sanctions. These lists are published by authorities such as:

  • The UK Government (OFSI)

  • The United Nations

  • The European Union

If someone appears on a sanctions list, it may be illegal for us to enter into a business relationship with them.

❓ Who do you check?

We carry out sanctions checks on:
✅ Tenants
✅ Guarantors (anyone providing a financial guarantee)
✅ Landlords (property owners receiving rent)

This is required as part of our legal and compliance obligations.

❓ Why do you need to do this?

Sanctions checks help prevent money laundering, terrorist financing, and other financial crime. All regulated businesses, including letting agents, are required by law to screen clients and customers before starting or continuing a business relationship.

❓ What information do you collect for sanctions checks?

To complete a sanctions check, we may ask you for:

  • Full legal name

  • Date of birth

  • Residential address

  • Proof of identity (e.g., passport or driving licence)

  • Proof of address (e.g., utility bill or bank statement)

We use this information solely to verify your identity and complete compliance checks.

❓ Will this affect my credit score?

No. Sanctions checks do not affect your credit history or credit score. They are separate from credit referencing.

❓ How long does the check take?

In most cases, checks are completed quickly—often the same day. If further verification is needed, we will let you know right away.

❓ What happens if someone is on a sanctions list?

If a match is identified, we are legally required to:

  • Suspend or refuse the transaction

  • Report the matter to the Office of Financial Sanctions Implementation (OFSI)

  • Follow any instructions they provide

❓ How is my information stored?

All personal data is stored securely in line with data protection laws (UK GDPR). We only retain information for as long as necessary for compliance purposes.

❓ Who can I speak to if I have questions?

We understand this process can feel intrusive, but it is a legal requirement. If you have any questions or concerns, please contact our compliance team . We’re here to help.

SELF MANAGING LANDLORDS

Do Self Managing Landlord have to comply ? 

  • The new regulations apply to all landlords, whether they use letting agents or manage properties themselves.
  •  Landlords must check both themselves and their tenants against government sanctions lists. 

  • Sanctions checks should be conducted at the beginning of each new tenancy and then annually for ongoing tenancies. 

  • The government is trying to prevent money laundering and other financial crimes by ensuring sanctioned individuals cannot rent properties. 

  • Failure to comply with these regulations can result in serious penalties, including unlimited fines and potential criminal charges. 

  • Landlords can either perform the checks themselves or utilize the services of a letting agent or other third-party provider.