External recipient

Shared KYC/CDD for Banks in Spanish Real Estate

Receive standardised, bilingual KYC/CDD files. No account required. Full independence.

Banks do not become PropComply users. They receive shared KYC/CDD files digitally — in English, Spanish or bilingual EN/ES, downloadable as PDF — from real estate agents, lawyers, developers and mortgage brokers. The bank always performs its own independent AML assessment. The benefit is operational: a consistent, audit-ready file format that matches what underwriters and onboarding teams expect.

Standardised inbound files

Faster pipelines

Full independence

Common Challenges

Inconsistent KYC files from real estate parties
Re-collecting source-of-funds documentation
Slow mortgage and account-opening pipelines
Audit defensibility on inbound files

How PropComply Helps

Receive standardised files without an account
EN, ES or bilingual EN/ES PDF output
Clear source-of-funds and beneficial ownership documentation
Audit-ready format aligned with regulatory expectations
Bank performs its own independent AML assessment

Workflow

Step-by-step for banks

1
Receive a share
The agent, lawyer, developer or broker shares the file with the bank via a secure link.
2
Download the PDF
Bilingual EN/ES PDF containing identity, UBO, screening, source of funds and risk.
3
Independent AML review
The bank performs its own CDD/EDD and underwriting checks — no reliance on PropComply.
4
Proceed with the relationship
Account opening, mortgage underwriting or transaction execution moves forward faster.

FAQ

Frequently Asked Questions

Do banks need a PropComply account?

No. Banks are external recipients. They receive shared KYC/CDD files (typically as a bilingual EN/ES PDF) and perform their own independent AML assessment using their existing systems and policies.

Is PropComply replacing the bank's KYC obligations?

No. Banks are independent obliged entities and remain fully responsible for their own AML programme. PropComply simply provides a consistent inbound file format from the real estate side of the transaction.

Can PropComply files be used for source-of-funds review by the bank?

Yes. PropComply structures source-of-funds evidence collected from the buyer (salary, sale of asset, inheritance, business income, financing) so the bank's onboarding or mortgage team can review it efficiently as part of its own assessment.