Search Results for: aml
-
Latest property news
Shabby estate agent’s money firm fined £23m over AML breaches
Mazhar Hussain until recently operated a sales and lettings firm but has now been fined over AML irregularities at his money transfer company.
Read More » -
Latest property news
Expert blog: Lax AML effort among super-prime agents is “appalling”
Expert Martin Cheek says too many agents are "rolling out the red carpet for fraudsters" following damning government report.
Read More » -
Latest property news
AML judgement: Crime agency chalks up property ‘Unexplained Wealth Order’ success
NCA says Zamira Hajiyev must now explain where her wealth comes from or have properties worth £22m confiscated under AML rules.
Read More » -
Latest property news
Half of all superprime agents breaking AML law, says shocking new report
Latest National Risk Assessment of AML and terrorist financing says government is taking action against agents involved, who sell £5m+ homes.
Read More » -
Latest property news
Ministers told extra £100m AML levy “simply unacceptable” during Covid and Brexit
Trade body makes comments as agents, accountants and other professional services providers wait to hear how much it will cost.
Read More » -
Latest property news
Government stalling on AML foreign ownership legislation, claims Labour
Shadow Chancellor says Ministers should get a grip and push through its AML legislation first mooted in 2018.
Read More » -
Latest property news
AML expert slams banks for betraying agents who ‘follow money laundering rules’
John Dobson says he is appalled that banks such as HSBC and Barclays have been accused of 'turning a blind eye' to dirty money.
Read More » -
Latest property news
Purplebricks given largest ever AML fine for an estate agency
The hybrid's sloppy compliance procedures are slammed by HMRC who have given the agency a larger fine than even Countrywide's £215,000 AML penalty of last year.
Read More » -
Latest property news
Estate agent fined £5,000 over AML failures but escapes being named
Company in British Overseas Territory Gibraltar to pay penalty after ignoring requests to comply with Anti Money Laundering regulations.
Read More » -
Latest property news
Estate agents face more AML costs as HMRC seeks £100m industry contribution
Consultation launched this week and due to close in October will see property industry shoulder part of 'cash grab' by government to fund better AML effort.
Read More »