AML
-
Latest property news
AML judgement: Crime agency chalks up property ‘Unexplained Wealth Order’ success
NCA says Zamira Hajiyev must now explain where her wealth comes from or have properties worth £22m confiscated under AML rules.
Read More » -
Latest property news
Ministers told extra £100m AML levy “simply unacceptable” during Covid and Brexit
Trade body makes comments as agents, accountants and other professional services providers wait to hear how much it will cost.
Read More » -
Latest property news
Online auctions giant makes first foray into estate agency proptech
Iamsold parent company says MoveButler will offer both AML compliance and streamlined conveyancing for private treaty sales.
Read More » -
Latest property news
Online agents are more attractive to money laundering criminals, warns HMRC
Lack of face-to-face contact is a key reason why criminals graduate towards internet agents, its latest updated AML guidance says.
Read More » -
Latest property news
Estate agent fined £5,000 over AML failures but escapes being named
Company in British Overseas Territory Gibraltar to pay penalty after ignoring requests to comply with Anti Money Laundering regulations.
Read More » -
Latest property news
Estate agents face more AML costs as HMRC seeks £100m industry contribution
Consultation launched this week and due to close in October will see property industry shoulder part of 'cash grab' by government to fund better AML effort.
Read More » -
Features
Dirty cash, clean solutions
Are you on the money? Lisa Isaacs discovers that just 12 per cent of agents understand their AML obligations.
Read More » -
Latest property news
Online AML registration system for upmarket letting agents finally goes live
Agents renting properties for more than £8,400 a month have until January next year to register their businesses for AML and comply with the regulations.
Read More » -
Latest property news
Shocking levels of non-compliance with AML rules highlighted by report
Nearly a third of agents say they are unsure if they’re legally compliant with AML and just 65% believe their firms meet the requirements even though it has been a legal requirement for two years.
Read More » -
Latest property news
Upmarket letting agents face substantial changes after new AML come in, warns expert
Jerry Walters, chief of Lonres-owned firm Financial Crime Services, says changes will affect how deposits and rent are received and require landlords and tenants to be checked.
Read More »
