AML compliance
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Latest property news
Purplebricks deal ‘under threat as fine looms’ claims columnist
Reports suggest a penalty for breaking anti-money laundering rules could put a takeover of the ailing agency in jeopardy.
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Products & Services
SmartSearch certified as a ‘Great Place To Work’
An independent employee survey has revealed digital compliance specialist, SmartSearch, as one of the best places to work in the country.
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Latest property news
Agents facing hefty AML fines after big rise in penalties
Figures from Credas Technologies show increase of nearly 1000% in total amount paid by estate agents for anti-money laundering breaches.
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Regulation & Law
Agents fail to use new electronic AML checks
More than two thirds of agents have not updated their anti-money laundering measures after sanctions were imposed on Russia.
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Latest property news
New law forces foreign companies to reveal ‘beneficial owner’ of properties
Economic Crime act enables officials to halt sales, force foreign entities to register its beneficial owner and fine or imprison rule breakers.
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Latest property news
Leading conveyancing firm to pay £232,500 fine over AML failings
London-based law firm Mishcon de Reya to pay penalty set by SRA after it admitted AML lapses including three property transactions.
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Latest property news
Scrap €10k AML monthly rent limit for letting agencies, say Propertymark
Trade body leader, Mark Hayward, suggests that letting agencies should be treated like their sales counterparts to aid AML and stamp out money laundering via property in the UK.
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Latest property news
Are you ready? New Anti Money Laundering rules go live TODAY!
Extra AML responsibilities for letting agencies become law today after being passed by parliament just before Xmas.
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Latest property news
HMRC quietly drops AML application fee for estate agents
Decision is made to remove the £100 fee just 24 hours before the latest and 5th EU Anti Money Laundering directive passes into UK law.
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Latest property news
Government’s stalling on AML will put agents at risk
The government is supposed to implement the latest AML regulations by 20th January but has so far done nothing, says John Dobson.
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