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.
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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…
Read MoreAre you ready? New Anti Money Laundering rules go live TODAY!
Extra AML responsibilities for letting agencies become law today after being passed by parliament just before Xmas.
Read MoreUpmarket letting agents face substantial changes after new AML come in, warns expert
As property professionals struggle to get to grips with the 4th EU anti-money laundering (AML) Directive, along comes the 5th due to come into force by the 9th January 2020. The legislation…
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