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If a client has a Power of Attorney and only the POA will be signing the listing agreement, do I only need to complete CDD on the POA?
If a client has a Power of Attorney and only the POA will be signing the listing agreement, do I only need to complete CDD on the POA?
Jessica avatar
Written by Jessica
Updated over a week ago

In accordance to section 3.2 of your AML/CFT Compliance Programme, you must identify and verify:

  1. The client;

  2. Each beneficial owner of the client; and

  3. Each person acting on behalf of the client, including the authority to act on behalf of the client.

  4. Power of attorney satisfies the last requirement and therefore, must be identified. As the client satisfies the first requirement, they must be identified in addition to the POA.

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