AML
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Regulation & Law
Exclusive: Labour’s conveyancing overhaul ‘doomed’ to failure
Chaotic approach to digital IDs will be repeated when Government tries to overhaul home buying and selling, warns Credas boss Tim Barnett.
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Regulation & Law
Minister reveals big changes for estate agency AML supervision
Decision by Treasury minister Lucy Rigby last night means FCA not HMRC will now be doling out fines and worse to estate agents for non compliance.
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Products & Services
I agree with Elton John – let’s be careful how we open our doors to AI
SmartSearch CEO says AI has many upsides for estate agents including for AML compliance, but overall we need to tread carefully as its creeps into many aspects of our lives.
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Proptech
Industry players team up to help agents avoid new £1m compliance fines
Reapit and Thirdfort have come together to help estate and letting agents manage their ID, sanctions, anti-money laundering (AML) and source of funds checks.
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Regulation & Law
Warning as letting agents face ‘financial sanctions’ rules next year
The move will be confusing for agents some of whom will be covered by AML rules but all must comply with new financial sanction rules, says Nathan Emerson.
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Regulation & Law
Estate agencies in Labour’s sights as it promises ‘kleptocracy crackdown’
Labour's David Lammy says it will raise the stakes to prevent money laundering, with agents likely to feel the pressure if the party wins the election.
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Latest property news
BLOG: How to combat dirty money in the UK property market
Armalytix's Mike Ward says the property market remains a hotbed for dirty money but technology can help strengthen compliance.
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Latest property news
BLOG: Student money mules are on the rise and agents should be scared
SmartSearch Chief Guy Harrison says money mule recruiters may try to befriend students, who often think they’re doing a favour for a friend.
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Latest property news
BLOG: Will home movers ever widely adopt Open Banking?
AML platform chief, Harriet Holmes, says widespread misconceptions about the technology mean many home movers are reluctant to sign up.
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Latest property news
Tech mistrust exposing third of regulated firms to money laundering
SmartSearch’s Fraser Mitchell says more than a third of people ‘can’t trust’ electronic ID verification and rely on manual checks instead.
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