AML
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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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Latest property news
Proptech reveals solution to new ‘material information’ burden
Agents using the platform will be able to get a copy of property title deeds, a complete seller compliance pack with MI, IDV, AML and Land Registry.
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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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Latest property news
Half of homebuyers blame conveyancers for slowing down the purchase process
Thirdfort boss Olly Thornton-Berry says paper documentation, ID verification and cost all contribute to a negative experience.
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Latest property news
WARNING: Agents must have robust ‘source of funds’ process
Martin Cheek says protecting transactions from criminal gangs, who are highly skilled at hiding their dirty money, is vital for estate agents.
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Proptech
OTM signs compliance deal to help agents avoid AML fines
Portal's software division has integrated with AML platform Thirdfort as compliance becomes one of the biggest concerns for many agents.
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Latest property news
Money laundering firm inks deal with RICS to help members avoid fines
RICS's 134,000 plus members will be able to navigate anti-money laundering compliance processes across the United Kingdom, Australia and New Zealand.
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