AML
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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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Regulation & Law
Why the property industry shouldn’t be fine with fines
First AML’s Simon Luke argues a a truly robust anti-money laundering regime requires all parties pulling their weight and adhering to regulations.
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Latest property news
Londoners most likely to rely on inheritances to buy property
Thirdfort boss Olly Thornton-Berry says one in four homebuyers in the UK rely on the ‘bank of Mum and Dad’ when it comes to buying property.
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Latest property news
Estate agents slacking when it comes to AML sanctions screening
SmartSearch's Collette Allen says new sanctions could swiftly convert low-risk, longstanding UK clients into high-risk entities overnight.
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