Exposed agents to be investigated

The National Association of Estate Agents (NAEA) has condemned the estate agents exposed in a Channel 4 documentary last week for offering to help foreign criminals launder money through high-end properties in London. Five London based estate agents were named by the Russian anti-corruption campaigner, Roman Borisovich, and Ukrainian investigative reporter, Natalia Sedletskan, posing as Boris and his girlfriend. The couple viewed five properties in the capital where agents stood to earn in the region of a reported £65,000 to £315,000 in commissions. Mark Hayward, Managing Director of National Association of Estate Agents (NAEA), said that the exposed agents had tarnished the reputation of the industry in the public eye and has now launched an investigation into the issue. Hayward (left) said, “We do not condone the behaviour of the agents in the documentary From Russia With Cash and it is regretful that a small number of negligent agents tarnish the reputation of the industry as a whole. All agents should know that they have a responsibility to report any potential money laundering activities to the National Crime Agency and failure to do so, or to enable such an action, is a criminal act.   “We take a dim view…