National Crime Agency
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Latest property news
Serious Fraud Office launches probe into property firm’s collapse
Addresses linked to Signature Group were raided yesterday and four people arrested in the NW after over 1,000 investors lost significant sums.
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Latest property news
Just three in 10 estate agents are switched on to open banking for AML reasons
SmartSearch tech boss Fraser Mitchell says three quarters of firms have yet to start verifying the sources of their clients’ funds using open banking.
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Latest property news
BLOG: Student money mules are on the rise and agents should be scared
SmartSearch Chief Guy Harrison says money mule recruiters may try to befriend students, who often think they’re doing a favour for a friend.
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Latest property news
WARNING: Agents must have robust ‘source of funds’ process
Martin Cheek says protecting transactions from criminal gangs, who are highly skilled at hiding their dirty money, is vital for estate agents.
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Latest property news
More estate agencies reporting clients over suspicious activity
Just a tiny fraction of agents are submitting SARs despite HM Treasury and the Home Office saying the sector is at ‘medium’ risk for money laundering.
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Latest property news
COMMENT: the naming of Javad Marandi is a milestone for AML
Anti-money laundering expert Simon Luke says press coverage of the Tory donor serves as a stark reminder to dissuade others from similar activities.
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Latest property news
Prime Minister reveals new cash to clamp down on money laundering
Agents can expect greater scrutiny of their AML compliance after Johnson promised new cash for the National Crime Agency.
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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
AML judgement: Crime agency chalks up property ‘Unexplained Wealth Order’ success
NCA says Zamira Hajiyev must now explain where her wealth comes from or have properties worth £22m confiscated under AML rules.
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Latest property news
Property magnate suspected of money laundering stripped of 45 homes
Manni Hussain, who has links to many of West Yorkshire's leading gangsters, has agreed to hand over the properties worth £10 million.
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