Documents required under the MIPA
Documents required under the MIPA
OBLIGATIONS UNDER THE REAL ESTATE AGENCY ACT OF INTERMEDIARY IN REAL ESTATE TRANSACTIONS
Dear customers,
We inform you that "KMV Property Management" EOOD, in its capacity as an intermediary in real estate transactions, is an obligated person under Art. 4, item 18 of the Anti-Money Laundering Measures Act and Art. 9, paragraph 2 of the Anti-Terrorism Financing Measures Act.
In this regard, when concluding a contract for the purchase and sale of real estate, as well as when renting real estate with a monthly rent value of or above 10,000 euros, we must conduct a comprehensive check of our clients, in accordance with the cited laws.
For the purposes of the due diligence, pursuant to Article 11 of the Law on the Protection of Personal Data, we are obliged to request the following information from you:
Customer identification:
1.1. For individuals, identification is carried out by presenting an official identity document and taking a copy of it;
1.2. For legal entities, identification is carried out by presenting the current status of the company and its articles of association, as well as taking a copy of the identity card of the person who is the legal representative or proxy of the relevant legal entity. In case the legal entity is represented by a proxy, a copy of the power of attorney must also be presented. Identification of the beneficial owner of the legal entity is carried out by storing a copy of his identity card. If the beneficial owner is not present at the signing of the contract, the proxy or the manager of the company signs a declaration under Art. 59, para. 1, item 3 of the LMIP.
Gathering information and assessing the purpose and nature of the business relationships that have been established or are to be established with the client, in the cases provided for by law:
When concluding transactions, data is collected from the client about their professional activity, the purpose and nature of the person's participation in the business relationship. For this purpose, when signing the preliminary contract, clients fill out an information questionnaire.
Clarification of the origin of funds:
The origin of the funds is established by keeping a declaration under Art. 66, para. 2 of the LMIP, which is filled in by the client. The declaration records the entire sales price, with the client describing the amount he pays as the first installment and its origin, as well as his intentions for paying the remainder of the sales price. The same declaration is also filled in when renting real estate with a monthly rent of or above 10,000 euros.
Enhanced due diligence is carried out in transactions with persons who fall into the categories of so-called "politically exposed persons", as well as in transactions with individuals, legal entities and other legal entities established in high-risk third countries.
4.1. In order to establish that a person does not fall into the category of political figures, the same person signs a declaration under Art. 42, para. 2, item 2 of the Law on the Prevention of Political Dissemination.
4.2. We also attach a list of so-called high-risk third countries: Afghanistan; Barbados; Burkina Faso; Cayman Islands; Democratic Republic of the Congo; Gibraltar; Haiti; Jamaica; Jordan; Mali; Mozambique; Myanmar; Nigeria; Panama; Philippines; Senegal; South Africa; South Sudan; Syria; Tanzania; Trinidad and Tobago; Uganda; United Arab Emirates; Vanuatu; Yemen.
With regard to the processing of your personal data for the purposes of preventing money laundering and terrorist financing, the GDPR and the Personal Data Protection Act apply. KMV Property Management Ltd. processes your personal data in accordance with all requirements of the law.