AML
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Latest property news
BLOG: Agents can reduce the risk of tenancy fraud using modern ID checks
Anti-money laundering and anti-fraud compliance specialist Harriet Holmes says the continuing cost of living crisis could lead to an increased risk of tenancy fraud.
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Features
Automatic for the people
Full AML and ID checks for clients in mere seconds and no need to photocopy a passport? Lisa Isaacs discovers how.
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Latest property news
New money laundering plan to crack down on illicit finance
The government launches three-year plan setting out what agents and other businesses should do to crack down on dodgy money, kleptocrats, sanctions evasion and fraud.
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Latest property news
WARNING: ‘Half of agents don’t take AML compliance seriously’
Writing for The Neg, Simon Luke says a culture of following the rules can guarantee that agents have the necessary systems to conform to AML.
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Latest property news
Crooks looting up to £100 billion due to AML rules failure
Shortcomings in anti-money laundering rules and loopholes in sanctions are allowing crooks to steal up to £100 billion from the UK every year.
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Latest property news
‘Outdated’ software putting estate agents at peril – claim
Street.co.uk says estate and lettings agents are at risk of non-compliance due to outdated software and could face hefty legal bills that will put them out of business for good.
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Latest property news
Agents urged to comment as Government-backed digital ID system nears
The MyIdentity scheme offers new build buyers one verification process instead of multiple checks.
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Latest property news
Watch out, HMRC’s about as estate agency AML fines start to rise
The average Anti-Money Laundering (AML) fine issued to the estate agents for non-compliance has started to climb, reversing the previous downward trend seen throughout the pandemic.
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Supplier News
Decreasing risk and duplication at Thirdfort
Risk management platform, Thirdfort, has entered into a new partnership with Mint Insurance Brokers Ltd to help property professionals navigate growing fraud and money laundering risk.
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Latest property news
Russian oligarchs face $95 billion black hole thanks to sanctions
AML expert Martin Cheek, highlights new data revealing oligarchs' losses of $300 million per day since the country’s invasion of Ukraine.
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