AML
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Latest property news
Welsh tech firm launches new AML platform for agents
The platform will automate both the AML and IDV onboarding procedures and simplify the due diligence for both agents and their customers.
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Regulation & Law
Thousands more estate agents register with HMRC for AML supervision
Thirdfort boss Olly Thornton-Berry says that despite swelling numbers around 4,000 branches still need to register or complete renewal with HMRC.
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Latest property news
BLOG: Identifying sources of wealth is critical when it comes to AML
Thirdfort’s Harriet Holmes says identifying someone’s source of wealth is a critical when agents and lawyers are helping clients buy or sell a property.
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Latest property news
Estate agency AML fines on the rise due to difficult market conditions
The average AML fine issued to estate agency businesses is £5,350 - a 49% increase versus the average fine issued during the previous year.
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Latest property news
Cryptoassets rulings are a welcome concern for agents
First AML’s revenue chief Bion Behdin says new rules for regulating crypto and marketing cryptoassets can provide lessons for estate agents.
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Latest property news
‘Why a good CRM is key to stress-free compliance’
Alto director Riccardo Dawson says now is the time to future-proof your business when it comes to compliance and so much more.
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Regulation & Law
Agents urged not to be complacent on AML compliance
SmartSearch boss Martin Cheek says agents using outdated AML practices could be making a costly mistake and putting themselves on the road to financial ruin.
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Latest property news
More estate agencies reporting clients over suspicious activity
Just a tiny fraction of agents are submitting SARs despite HM Treasury and the Home Office saying the sector is at ‘medium’ risk for money laundering.
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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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Latest property news
COMMENT: the naming of Javad Marandi is a milestone for AML
Anti-money laundering expert Simon Luke says press coverage of the Tory donor serves as a stark reminder to dissuade others from similar activities.
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