- High risk, low oversight: a sector that demands enhanced controls.
- Buyer and seller verified before closing.
- Evidence per transaction, exportable.
Close transactions with backing, not with risk
The real estate sector demands enhanced controls. Akifue helps you meet them before signing the deed. See who the non-financial obligated entities are and what Law 23 of 2015 establishes.
- Verify buyer and seller. And their beneficial owners, against lists and PEPs.
- Assess the transaction's risk. A score that indicates when to apply enhanced due diligence.
- Keep evidence per transaction. Exportable case file that supports every transaction.
Detect PEPs and close associates
Identify whether a buyer or seller is a politically exposed person, which requires enhanced controls. See how PEP screening works.
Back up every closing
The case file with its PDF report shows that you verified the parties before closing the transaction.
Sample result
When a PEP match appears, the transaction goes to review and the source of funds is required. See the scope of each plan in plans and pricing.
| Check | Result |
|---|---|
| OFAC · UN · EU/UK | 0 matches in each source |
| PEP | 1 match |
| Decision | Review · PEP match detected · source of funds required · under review |
Frequently asked questions
Are real estate companies obligated entities in Panama?
Yes. Under Law 23 of 2015, real estate agents, brokers and developers are non-financial obligated entities and must apply due diligence in real estate transactions.
Who should I verify in a real estate transaction?
You must identify and verify the buyer and the seller (and their beneficial owners) against sanctions lists and PEPs, as well as assess the source of funds of the transaction.
Why is the real estate sector high risk?
Real estate is a frequent channel for money laundering because of the amounts involved, so regulators require enhanced controls and evidence of due diligence.