AML compliance
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Regulation & Law
Foreign owners ‘hiding’ £190bn of UK property, claims tax think tank
Investigation reveals widespread hidden ownership is exposing estate agents to significant anti-money-laundering penalties.
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Products & Services
Big industry AML tech firm buys identify verification platform
Tim Barnett, CEO of Credas Technologies, says the deal with SmartSearch will empower more businesses to protect themselves.
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Regulation & Law
Estate agents now facing substantial rise in AML fees
HMRC is proposing to raise its annual anti-money laundering fee from £300 to £400 per branch and is blaming increasing supervision costs.
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Regulation & Law
BLOG: AML regs change next week – this is what you need to know
Nicola Gifford, General Counsel & Company Secretary at SmartSearch offers advice to letting agents on how to deal with changes to Anti-Money Laundering rules that come in on 14 May.
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Regulation & Law
Property industry feels ‘overwhelmed’ by regulatory burden
72% of businesses are concerned about their ability to stay compliant and almost a third admit being fearful about the next 12 months.
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Adam Walker
Compliance complexity – letting agents must take it seriously
Adam Walker highlights the most common compliance mistakes that letting agents continue to make and suggests why external consultancy might be a good idea.
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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
Agents warned over failure to register for AML properly
HMRC says some agents see their AML applications rejected for not having risk assessment measures in place.
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Latest property news
Estate agencies ‘not taking AML seriously’ says legal senior
Mark Jones from leading law firm Payne Hicks Beach says there has been little improvement if any in the way agencies approach AML regulation.
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Latest property news
BLOG: Automation is transforming the AML processes for estate agents
SmartsSearch’s Fraser Mitchell says estate agents can streamline their AML processes by adopting automation which will save time and resources.
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