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New video series addresses agency compliance issues

Sales management hub mio has launched a new video series featuring compliance consultant and industry trainer Michael Day from Integra Property Services.

The videos explore what estate agents should do to stay compliant and why it’s good for business.

Subjects covered include the difference between proof and source of funds, what risk assessments agents need to carry out to ensure they are compliant and what identity and anti-money laundering requirements are mandatory.


Day said: “Money laundering compliance for estate agents is often thought of as being about ID, but that is far from the full story.

“I still find that there is a little bit of a reluctance and lack of understanding in some places, around how much more they have to do, particularly around assessing and managing risk and in documenting actions.”

Nick Ball, sales director at mio, added: “With ever increasing regulations, penalties for non-compliance and the escalation of financial crime in the UK, estate agents must take every measure to protect themselves, their businesses and their clients.

“Estate agents must ensure they understand and have systems in place to prevent fraud with robust ID and AML checks, and avoid costly sanctions by the HMRC, which could even result in a prison sentence.

“With such high stakes, I would encourage estate agents to take time to watch our video series and make use of our resources, to better understand what’s required and to get in touch with our team here at mio to find out how our digital solutions put agents in control of their sale from day one, right up until completion.”

> Watch the videos

  • Adrian Gill

    The videos are informative and interesting. Worth watching.


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