anti money laundering
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Features
Washing up
Money laundering isn’t just the preserve of upmarket estate agents selling expensive properties in central London, says HMRC chief Simon York, as criminals increasingly target property to launder their dirty cash.
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Latest property news
Countrywide given £215,000 fine for not complying with AML rules
Troubled firm, which is about to publish its full 2018 results, has received the highest-ever published fine given to an estate agent.
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Latest property news
Estate agents must step up to mark on money laundering, says senior government crime expert
Number of Suspicious Activity Reports from agents has increased but still represents a tiny proportion of all reports filed alongside those from banks and accountants.
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Latest property news
Corruption activists say UK crime agency should investigate estate agency in Filat case
Estate agent that took £390,000 advanced rent for London flat from son of jailed former Moldavian Prime Minister should be quizzed, says Global Witness.
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Anti-money laundering
Comment: the property industry needs to do more
The Government’s Flag It Up campaign has made it clear that estate agents need to be equip themselves to spot the ‘red flags’ of attempted money laundering and report suspicious activity.
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Latest property news
AML alert – estate agents are to be targeted by government as ‘too few’ report suspicious transactions
Read how security minister Ben Wallace has warned estate agents that they face close scrutiny as 'too few' make Suspicious Activity Reports'.
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Proptech software specialists
SmartSearch
SmartSearch is a unique Anti Money Laundering (AML) platform incorporating fully automated Sanction, PEP, SIP and RCA screening and Monitoring.
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Guest Blogs
Would your estate agency survive an AML spot check?
The electronic age has made fraud much easier for criminals, but at the same time offers a solution to agents to help spot it and be AML compliant.
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Latest property news
Agents struggle to spot fake documents during Anti-Money Laundering checks
During the grilling by MPs, the two National Crime Agency heads suggested that the anti money laundering hurdles that estate agents have to clear are relatively ineffective.
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Latest property news
AIPP asks government to clarify if overseas property agents to face same regulation as UK ones
The Association of International Property Professionals has asked the government to clarify if legislation applies to 'passive' overseas agents.
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