Anti-Money Laundering Commitment
TempBase operates as a commercial property marketplace and takes its obligations under the UK Money Laundering Regulations 2017 seriously. Here is how we meet them.
Our legal obligations
Commercial property transactions in the UK are subject to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), as amended by the Money Laundering and Terrorist Financing (Amendment) Regulations 2019. As a marketplace facilitating commercial lease agreements, TempBase is considered a relevant person under these regulations and is registered with HMRC as a supervised entity. We apply a risk-based approach to compliance, proportionate to the nature and value of transactions on the platform.
Identity verification
Every agent and landlord on TempBase must verify their identity before listing a property. We collect and confirm government-issued ID, Companies House registration details, and proof of address. No anonymous listings — every space is traceable to a verified individual or entity.
Business due diligence
Before granting access to the platform, we perform due diligence on all business accounts. This includes confirming legal registration, verifying directorship and ownership structures, and checking that the business is active and in good standing.
Sanctions & PEP screening
All users are screened against UK and international sanctions lists, and Politically Exposed Persons (PEP) databases, at the point of registration and on an ongoing basis. Any match triggers an immediate manual review before the account is approved.
Transaction monitoring
Agreed lease terms and rental amounts are reviewed for consistency with market rates and the nature of the space. Unusual patterns — such as significantly above-market pricing or atypical deal structures — are flagged for review by our compliance team.
Record keeping
We retain full records of all identity documents, due diligence checks, and transaction histories in line with the UK Money Laundering Regulations 2017, which require records to be kept for a minimum of five years.
Suspicious activity reporting
TempBase has a nominated Money Laundering Reporting Officer (MLRO) and an internal procedure for identifying and reporting suspicious activity. Where required, Suspicious Activity Reports (SARs) are submitted to the National Crime Agency (NCA) in accordance with POCA 2002.
Our risk-based approach
Not every transaction carries the same level of risk. We apply enhanced due diligence where the risk is higher — for example, where deal values are significant, where parties are based in high-risk jurisdictions, or where ownership structures are complex. Standard due diligence applies to routine, lower-risk transactions.
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Customer risk assessment
At registration, each user is assigned a risk rating based on their business type, jurisdiction, transaction profile, and ownership structure. This rating is reviewed periodically and updated when circumstances change.
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Enhanced due diligence
Where enhanced due diligence is required, we collect additional documentation, require sign-off from our MLRO, and may place limits on account activity until checks are complete.
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Ongoing monitoring
We monitor activity across the platform on an ongoing basis. Accounts that show a material change in behaviour — such as a sudden increase in transaction volume or contact with sanctioned counterparties — are reviewed promptly.
Contact our compliance team
If you have a question about our AML procedures, wish to report a concern, or require a copy of our AML policy, please contact us at info@tempbase.co.uk. We aim to respond to all compliance enquiries within two business days.
A platform you can trust
TempBase is built on transparency and compliance. Every party on the platform has been verified, and every transaction is monitored.
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