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Arthur Robinson

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I have heard all sorts of excuses for NOT carrying out Client Due Diligence eg “we don’t handle client money so we don’t need to” or “isn’t that the lawyers’/bank’s job?”. There’s very good guidance on GOV.UK Just search “guidance of estate agents on money laundering from HMRC”. If you haven’t read it, you must. You shouldn’t dream up ways to avoid this, or pay lip service to the requirements or you could find yourself arrested and prosecuted.

From: Arthur Robinson 02 March 2022 10:18 AM

No foreign investors at all. Newly built homes should be available only to those who wish to live in them.

From: Arthur Robinson 24 September 2021 15:19 PM

Identifying the client, compliance with AML Regulations and, frankly, assisting in the battle against organised crime is the responsibility of all of us and shouldn’t be seen as something to try to get done quickly. Having recently engaged estate agents for different properties I can say that the AML checks were woeful. At no point was the photo id I supplied compared to me. It was just accepted and filed. Unless there is face to face contact how can you be sure who your client is?

From: Arthur Robinson 13 April 2021 10:18 AM

The market, it could be argued, has been distorted because of SDLT. There’s an argument that reform of SDLT is well overdue. Whilst the Government earning money from private transactions is another debate entirely is it not clear that the rates and bands of SDLT have choked the market? Did the “holiday” not prove that? During this time of a holiday on SDLT for home buyers I wonder what VAT receipts the Treasury has gained from all the associated expenditure of moving house?

From: Arthur Robinson 25 February 2021 08:35 AM

The transaction should be one of free choice. People will change their minds and must be allowed to do so.

From: Arthur Robinson 28 February 2020 10:42 AM

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