Search Results for: aml
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Regulation & Law
Letting agents told to brace for more AML checks and fines
Changes to anti-money laundering rules mean there will be an increase in the number of checks letting agents will have to carry out, says leading consultancy.
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Regulation & Law
HMRC crackdown sees 1,600 more agencies complete AML registration
As a result of the huge fines HMRC has been issuing for AML breaches there has been a surge in the number of agents completing AML registration, says Thirdfort's Olly Thornton-Berry.
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Products & Services
AML registration renewal made easy
A new free service from FCS Compliance aims to ensure businesses renew their AML registration with HMRC before it expires.
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Regulation & Law
Pryor slams estate agents who charge buyers for AML checks
Industry commentator agrees with Kirstie Allsopp after she called out Bradleys in Cornwall, he agreeing practice was 'disappointing'
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Latest property news
Money laundering and AML compliance failures ‘plague the UK’
SmartSearch looked at 16,150 AML events across the globe between 2013 and 2023 to determine which are most prominent.
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Regulation & Law
Letting agents’ client accounts ‘being targeted by banks’ worried about AML risks
Many agents are falling foul of 'stringent' policies and unable to open or keep accounts with banks worried about money laundering risks, it is claimed.
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Regulation & Law
BLOG: Agents must review AML policies as HMRC cracks down
The Guild’s Paul Offley urges business owners to check their anti-money laundering (AML) supervision status shows ‘supervised’ or ‘pending and able to trade’ or face the wrath of HMRC.
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Regulation & Law
HMRC to name and shame agents fined for AML breaches
Last month HMRC issued over £1.6 million in fines to over 254 estate agents for failing to register or re-register with them for AML supervision with fines ranging from £1,500 to over £50,000.
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Latest property news
AML firm used by 1,000 agencies bought by private equity firm
The digital compliance company was founded in 2011 by Martin Cheek and John Dobson and has grown rapidly from start-up to scale-up.
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Features
‘Don’t take chances on AML checks – the risks are real’
Richard Reed speaks to experts about the complacency around AML checks among agents amid increasing property fraud.
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