As agents become increasingly vigilant about Anti-Money Laundering regulations and engage third parties for compliance checks, frequently asked question arises: Is it OK to charge clients for AML?
Like other business functions, AML compliance incurs costs from technology, staff training, and operations like document verification and checks. Given this, it’s understandable that many agents might choose to pass these expenses onto clients.
Those partnering with Smart Compliance and introducing AML charges vouched for the ease of its implementation, facing no resistance from buyers or sellers. Listen to their experiences in the video below.