AML & KYC Compliance

Ensuring transparency, security, and full regulatory alignment in every transaction.

Our Commitment

Prime Property Auctions LLC – OPC is fully committed to complying with the UAE’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. As a licensed and regulated auction platform, we ensure that all participants undergo identity verification before participating in any auction.

Identity Verification (KYC)

✅ All buyers and sellers must provide valid identification documents (Emirates ID or passport).

✅ Additional documents may be required for companies (trade license, authorization letters, POA).

✅ Verification must be completed and approved before deposits are accepted or bidding privileges activated.

Anti-Money Laundering (AML) Safeguards

🛡️ All deposits and payments are processed through regulated banks or licensed trustee partners.

🛡️ Suspicious or irregular transactions are reported in accordance with UAE Central Bank and Ministry of Economy guidelines.

🛡️ We do not allow anonymous or unverified transactions.

Why This Matters?

These measures protect both buyers and sellers by ensuring that every auction is conducted transparently, securely, and in full compliance with UAE law.

For more details, please refer to our Terms & Conditions and Privacy Policy.