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AP saleroom

Anti-Money Laundering

Important Notice for Bidders and Buyers

To comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended), AP saleroom operates a strict Know Your Customer (KYC) policy. We are required to verify the identity of all bidders, buyers, and sellers. We appreciate your assistance in maintaining a secure and compliant auction environment.

Individual Bidders (UK Residents)

You must provide two original documents: one from List A and one from List B. The same document cannot be used for both.

List A: Evidence of Identity

  • Valid UK Passport
  • Valid UK Photo-card Driving Licence
  • Firearm or Shotgun Certificate
  • Valid HM Forces, Police or Government ID card

List B: Evidence of Residence (Issued within the last 3 months)

  • Utility bill (Gas, Water, Electric, or Landline. Mobile phone bills are not accepted)
  • Council Tax bill for the current year
  • Bank, Building Society, or Credit Union statement
  • Most recent Mortgage Statement from a UK lender

Corporate, Partnership and Private Companies

For non-individual buyers, we require:

  1. Company registration number and registered address.
  2. Evidence of Beneficial Ownership: Identity and address verification for any individual owning or controlling more than 25 per cent of the shares or voting rights.
  3. Letter of Authority: A formal letter on company letterhead naming the individuals authorised to bid on the company behalf.

Representing Another Party

If you are attending the auction or bidding on behalf of someone else, you must provide:

  1. Proof of your own identity and residence.
  2. Certified copies of the actual buyer identity and residence.
  3. A letter confirming your authority to bid.

Certified copies must be signed as true copies by a UK lawyer, banker, or authorised financial intermediary (such as a certified accountant, teacher, doctor, or minister of religion). The certifier must be reachable by telephone for verification on the auction day.

Payments and Source of Funds

Payment Method: Payment is accepted strictly by Bank Transfer only. We do not accept cash, cheques, or credit and debit cards.

Matching Identity: The name on the bank account used for payment must match the name of the registered bidder. If funds are sent from a third party account, that individual or entity must also undergo full verification.

Enhanced Checks: For certain transactions, we may request evidence regarding the source of funds to satisfy our legal obligations.

Data Protection and Retention

Your data is processed in accordance with the UK GDPR and the Data Protection Act 2018. We are legally required to retain copies of your documentation for five years from the date of the last transaction. We may also perform electronic identity and sanctions screening via third party providers; these checks do not affect your credit score.