Suspicious Activity Report
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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
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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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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