iamproperty, the group behind the UK’s largest property auctioneer iamsold, has completed 50,000 Risk Assessments on residential property transactions in just 10 months.
iamproperty pioneers modern methods and earlier this year launched iamproperty compliance, the most advanced compliance tool in the market designed specifically for estate agents.
Since the launch, 50,000 Risk Assessments have been completed across the group’s network of estate agents. The platform takes the complication out of managing the AML compliance process, helps agents save time as every element of the process is completed within the platform, and minimises risk.
Ben Ridgway, iamproperty’s Group Managing Director, said, “There’s greater expectations on agents when it comes to compliance, and we see first-hand how it can cause stress and complications in the process. We’ve built our business on creating solutions for challenges exactly like this which agents are facing every day, and it’s really rewarding to see so many agents taking compliance seriously while benefitting from our much simpler process.”
David Beaumont, Managing Director at compliance consultancy Compliance Matters, said, “It’s encouraging to see this volume of activity through iamproperty’s compliance platform. It’s streets ahead of any other compliance software, built around the problems in the process to make agents’ lives easier and their business more compliant.
“There’s increasing expectations on agents to have their compliance in order. For any needing to update their processes, now is a good time, as compliance inspections are likely to ramp up in the New Year as more agents return to branches in the wake of COVID-19.”