In the UK, financial institutions and businesses involved in regulated activities are required to comply with anti-money laundering (AML) regulations set by the Financial Conduct Authority (FCA). This includes property development finance providers, who play a critical role in ensuring that funds used in real estate projects are from legitimate sources.

If you’re considering working with a property finance provider, understanding the significance of FCA money laundering registration is essential. Here’s what you need to know and why Onyx Money stands out in this space.

What is FCA Money Laundering Registration?

The FCA’s Money Laundering Regulations require firms that engage in certain types of financial activity to register for AML supervision. This registration ensures that firms comply with legal obligations to prevent money laundering and terrorist financing.

As outlined by the FCA here, regulated firms must:

Implement stringent customer due diligence (CDD) measure.
Monitor and report any suspicious activity.
Conduct ongoing risk assessments.
Ensure all employees are trained to identify and report potential financial crime.

Why Should a Property Development Finance Provider Have FCA AML Supervision?

Property development finance providers are particularly vulnerable to money laundering due to the large sums of money involved in real estate transactions. Without proper safeguards, these transactions can be exploited by criminals to clean illicit funds.

Here’s why AML supervision is crucial for finance providers:

Protects Against Financial Crime: Ensures that funds used in property development projects come from legitimate sources.
Increases Investor Confidence: Working with an FCA-registered provider reassures developers and investors that proper due diligence is conducted.
Compliance with Regulations: Reduces the risk of regulatory breaches, safeguarding the firm’s reputation and avoiding penalties.

Onyx Money: Registered with FCA for AML Supervision

When choosing a property development finance provider, it’s essential to partner with a firm that is FCA-registered for AML supervision. Onyx Money is fully registered and supervised by the FCA for anti-money laundering compliance, ensuring that all transactions are conducted with the highest standards of transparency and security.

You can view Onyx Money’s registration details directly on the FCA Register.

Why Choose Onyx Money for Property Development Finance?

By choosing Onyx Money, you’re partnering with a provider that prioritizes compliance, integrity, and risk management. Our FCA registration demonstrates our commitment to preventing financial crime and maintaining a secure investment environment.

✅ Fully FCA-registered for AML supervision
✅ Enhanced due diligence to protect your investments
✅ Confidence that your project meets regulatory standards

Ready to work with a trusted finance provider?

>> Contact Onyx Money today and secure funding with confidence!

FCA money laundering registration is more than just a regulatory requirement - it’s a safeguard that protects property developers, investors, and the broader financial system. Onyx Money’s AML supervision provides peace of mind and ensures that every transaction adheres to the highest standards.

Choose Onyx Money for your next property development project and experience the difference of working with a fully compliant and trusted partner.