anti money laundering
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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
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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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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Proptech
BLOG: Fintech to help letting agents battling High Street banks
Historic complaints to the Business Banking Resolution Service from small businesses will be closed from February next year. Garrett Foxon, founder of Lettspay, gives his opinions on the issue.
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Latest property news
Agent apathy towards anti-money laundering could cost them dear
First AML's Simon Luke says nearly half of all property professionals ignore rising threat of money laundering fines and over a third haven’t reviewed the sanction list in the last month.
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Latest property news
Estate agent money laundering fines go through the roof
The average Anti-Money Laundering (AML) fine handed to the estate agency sector has gone through the roof and increased by 63.7%.
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Latest property news
Propertymark beefs up compliance as HMRC ‘shames’ 68 agents
Propertymark has opened compliance cases against five member businesses who have failed to comply with anti-money laundering regulations.
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Latest property news
Anti-money laundering failure could cost agents dear, warns Propertymark
Failure to keep up to date with anti-money laundering rules could hit agents in the pocket as Government looks at second economic crime Bill
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Latest property news
Estate agents in the money laundering firing line
Estate agents are in the trenches on the front line in the war against money laundering
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Supplier News
Alto driving down day-to-day agent efficiencies
Cloud-based software provider, Alto, can help agents cut the time it takes to complete AML checks in half.
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