money laundering
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Regulation & Law
Thousands more estate agents register with HMRC for AML supervision
Thirdfort boss Olly Thornton-Berry says that despite swelling numbers around 4,000 branches still need to register or complete renewal with HMRC.
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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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Adam Walker
The true cost of anti-money laundering compliance
When you have to run anti-money laundering checks on dead people, you know something’s not right. Adam Walker vents his frustration.
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Features
Under scrutiny
The need to ensure that anti-money laundering checks are carried out to the letter has never been greater. Richard Reed consults some experts in the field.
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Supplier advice
Pandora’s dirty laundry
As the ‘Pandora Papers’ exposed the ‘For Sale’ sign hanging over the UK’s property market, estate agents are urged to up their compliance game.
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Latest property news
Brexit means EU’s new AML police force can’t fine UK estate agents
But AML expert John Dobson warns UK must work closer with Europe to prevent Britain 'falling behind' in fight against money launderers.
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Crime
Face up to it
Money laundering using property transactions may be an age-old problem, but 2021 will present new threats and changes for agents on the frontline, says Lisa Isaacs.
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Latest property news
‘Missing AML guidance will make it difficult to secure estate agency prosecutions’
Legal experts David Smith and Lee Adams say the industry and particularly letting agents are waiting on guidance on many aspects of AML.
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Latest property news
Half of all superprime agents breaking AML law, says shocking new report
Latest National Risk Assessment of AML and terrorist financing says government is taking action against agents involved, who sell £5m+ homes.
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Latest property news
Conveyancer struck off after helping criminal gangs launder drug cash
Ross Ian Mackay has accepted his role in a prolific scam that saw some 80 properties bought via mortgage fraud from the early noughties onwards.
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