There’s been a significant rise in the number of so-called Suspicious Activity Reports concerning money laundering and the agency industry. Suspicious Activity...
Archive
01 May 2024
From: Breaking News
![Agents failing to do AML checks on business contacts - warning](/upload/images/Shutterstock-only%20images/Property%20Market/_AML%20_400x310.png)
Regulated firms, particularly estate agents, who take on new business clients are leaving themselves exposed to serious red flags by not...
22 March 2024
From: Breaking News
![Property platform offers agents free AML checks](/upload/images/shutterstock_758357752.jpg)
OneDome is offering free digital know-your-customer (KYC) and anti-money laundering (AML) checks for estate agents using its various home buying services. The...
28 February 2024
From: Breaking News
![Elevating Estate Agency: Iceberg Digital's Dual Focus on AI Tools and Human Business Development](/upload/images/EAT-Article-nov-2023__400x311.jpg)
In this latest article from the team at Iceberg Digital, they discuss their series of ground-breaking innovations announced at their annual...
14 December 2023
From: Breaking News
![Consumers willing to pay for faster property transactions - research](/upload/images/Shutterstock-only%20images/Property%20Market/3%20CoupleMakingOffer-400x310.png)
Consumer willingness to pay to speed up transaction timeframes is on the rise, research suggests. A survey by iamproperty has found 88%...
11 December 2023
From: Breaking News
![New strategic partnership aims to boost agency compliance](/upload/images/shutterstock_1437879773.jpg)
Client onboarding and verification tool LandmarkAgent has announce a strategic partnership with CRM provider Street.co.uk. The collaboration will enable agency users to...
09 August 2023
From: Breaking News
![Document reviews don’t stop at AML checks, agents warned](/upload/images/Shutterstock-only%20images/Property%20Market/_AML-400x310.png)
Agents are being urged to increase their efforts when it comes to checking documents to avoid potential claims. Paul Offley, compliance officer...
02 August 2023
From: Breaking News
![Unlocking success: capabilities an ideal CRM toolbox should offer](/upload/images/adv-2021/sponsored-content/ReapIT/RPT%20SC%203%20360x280.png)
CRMs can be superheroes for your business, but not all of them possess the necessary powers to save the day. As...
11 July 2023
From: Sponsored Content
![New agency AML product aims to reduce risk of fines](/upload/images/Shutterstock-only%20images/Property%20Market/_AML-400x310.png)
Sales progression service ASAP has launched a new anti-money laundering (AML) product to help agents comply with due diligence requirements and...
20 April 2023
From: Breaking News
![Agents ‘risking reputation’ by relying on manual AML checks](/upload/images/Shutterstock-only%20images/Property%20Market/_AML%20_400x310.png)
Agents are being warned that they risk financial and reputational costs by continuing to rely on manual methods of identity verification. It...
30 March 2023
From: Breaking News
![AML provider joins Reapit’s AppMarket](/upload/images/Shutterstock-only%20images/Property%20Market/_AML%20_400x310.png)
Agents using Reapit’s services can now access anti-money laundering (AML) platform Thirdfort. The provider has been added to Reapit’s AppMarket. It means Reapit...
27 February 2023
From: Breaking News
![Reader poll: Do you charge for AML checks?](/upload/images/Shutterstock-only%20images/Property%20Market/_AML-400x310.png)
A majority of Estate Agent Today readers have revealed they do not charge for anti-money laundering checks but around a quarter...
15 February 2023
From: Breaking News
![Purplebricks criticised over new £60 AML fee](/upload/images/Shutterstock-only%20images/Property%20Market/_AML%20_400x310.png)
Purplebricks has begun charging buyers and sellers a £60 fee for anti-money laundering (AML) checks. An online message to potential buyers interested...
08 February 2023
From: Breaking News
![Don’t leave AML checks to your accountant, agents advised](/upload/images/Shutterstock-only%20images/Property%20Market/AML_400x310.png)
Agents are being urged to keep an eye on their HMRC Government Gateway Account to ensure they don’t miss messages and...
19 January 2023
From: Breaking News
![Agent AML buyer checks to rise 30% by end of 2022](/upload/images/Shutterstock-only%20images/Property%20Market/_AML-400x310.png)
The number of anti-money laundering (AML) checks by agents declined in the third quarter but looks se to be up by...
29 November 2022
From: Breaking News
![Stamp duty cut - much needed boost or short term fix? Either way, estate agents need to prepare for the rush](/upload/images/adv-2021/sponsored-content/Smartsearch/EAT%20-%20October%2022.jpg)
The Government’s mini budget on September 23 was anything but ‘mini’ with several major announcements one of the most significant of...
17 October 2022
From: Sponsored Content
![Going digital is the answer to sector compliancy woes](/upload/images/Shutterstock-only%20images/Misc/martin400x310.jpg)
If recent headlines are anything to go by, estate agents and the wider property industry are not just feeling the heavy...
15 October 2022
From: Features
![Now automation can help protect the property market](/upload/images/Shutterstock-only%20images/PropTech/HomeInternet-400x310.png)
Over the last five years, the Government has introduced a range of measures to regulate the property market, particularly in the...
12 October 2022
From: Features
![Smoove brings ‘pain-saving’ agency platform to the whole market](/upload/images/Shutterstock-only%20images/PropTech/Software-400x310.png)
Smoove has announced the full market rollout of its digital onboarding platform, Smoove Start. The conveyancing software provider’s latest tool provides a...
05 October 2022
From: Breaking News
![Agents ‘wrongly’ rely on hard copy AML checks](/upload/images/library/Anti-Money-Laundering-4-400x310.jpg)
Agents are ‘wrongly’ relying on hard copies of identity documents to verify people’s identities in anti-money laundering (AML) checks, new research...
31 August 2022
From: Breaking News
![As HMRC reveals almost half of those falling foul of AML regulations are property firms, estate agents are urged to get their compliance in order or face the consequences](/upload/images/Back-link-images/EAT%20-%20August%20Sponsorship%20Image%20360%20x%20280.jpg)
HM Revenue & Customs (HMRC) recently published a list of firms that have received penalty notices for failure to meet their...
17 August 2022
From: Sponsored Content
![Does it really take a war to improve AML checks?](/upload/images/Housing%20Market%20%26%20Property%20Images/AML-400x310.png)
It’s taken Russia’s invasion of Ukraine for the UK to finally take a much-needed step in the right direction to stop...
13 August 2022
From: Features
![Female buyers and sellers increasingly flagged for AML checks](/upload/images/Housing%20Market%20%26%20Property%20Images/FemaleInvestor4-400x310-min.jpeg)
Increasing numbers of women are being flagged during anti-money laundering (AML) compliance checks. AML platform Credas Technologies suggests the main reason for...
29 June 2022
From: Breaking News
![AML checks suggest record drop in foreign property buyers](/upload/images/Miscellaneous/ForeignInvestors-400x310.jpg)
Fewer foreign buyers are purchasing property in the UK, anti-money laundering data suggests. The property market has been hampered in recent years...
16 June 2022
From: Breaking News
![Industry data suggests agents are getting serious about AML checks](/upload/images/Miscellaneous/Anti-Money-Laundering-4-400x310.jpg)
A record number of anti-money laundering (AML) checks were carried out during the first quarter of 2022 across the UK property industry,...
13 June 2022
From: Breaking News
![Property Natter: ‘the only way to bring about change is to be proactive’](/upload/images/Site%20logos/PropertyNatter-2019-400x310.png)
In this latest ‘Women in Property’ edition of the Natter, I check in with Collette Allen, who was recently appointed as...
28 May 2022
From: Features
![HMRC shows its teeth with bumper AML fines for agents](/upload/images/Rental%20Market/Fined-400x310.jpg)
More than 30 agents and property firms such as auction houses and valuers were reprimanded by HMRC for anti-money laundering breaches...
17 May 2022
From: Breaking News
![Cost of AML compliance hits £6m for estate agents](/upload/images/Housing%20Market%20%26%20Property%20Images/calculator.png)
The estate agency sector is now paying almost £6m for anti-money laundering (AML) supervision. Businesses are legally required to register for AML...
10 May 2022
From: Breaking News
![A third of property professionals say they’re not AML compliant - research](/upload/images/library/Anti-Money-Laundering-4-400x310.jpg)
The vast majority of property professionals would like to see HMRC act more proactively to deter money laundering, as almost a...
21 April 2022
From: Breaking News
![Queries raised over 'two-tier' AML system for agents and developers](/upload/images/library/Anti-Money-Laundering-4-400x310.jpg)
An industry expert has questioned the fairness of a “two-tier system” that has emerged between new builds and second-hand homes when...
08 April 2022
From: Breaking News
![Insight - an estate agents’ guide to AML](/upload/images/Housing%20Market%20%26%20Property%20Images/UK-Cash-20-400x310.jpg)
The UK property industry has long been a target of fraudsters due to the low levels of transparency and the fact...
12 February 2022
From: Features
![Are reservation agreements the future of agency? These agents think so!](/upload/images/Housing%20Market%20%26%20Property%20Images/PropertyInformationKeys-400x310.jpg)
You’ve heard me bang on about the wonder of reservation agreements for some time now, but it’s definitely the case that...
11 December 2021
From: Features
![Compliance check list - are you New Year ready?](/upload/images/adv-2021/sponsored-content/Smartsearch/EAT%20-%20December.jpeg)
Compliance check list - are you New Year ready? The start of a new year is a great time for estate agents...
10 December 2021
From: Sponsored Content
![Estate agents urged to assess compliance procedures after sloppy AML checks lead to man’s house being stolen](/upload/images/adv-2021/sponsored-content/Smartsearch/EAT%20-%20Image%20.jpg)
Estate agents are being urged to ensure their compliance procedures are up to scratch after fraudsters stole a man’s identity and...
02 December 2021
From: Sponsored Content
![Why the UK property market is at the centre of global tax avoidance and financial crime](/upload/images/library/UK-Cash-NEW-400x310.jpg)
The Pandora Papers - the biggest ever leak of offshore data - has revealed that the UK’s property market is being...
30 October 2021
From: Features
![Agents urged to conduct extra legal checks on buyers](/upload/images/Logos/Guild-Logo-400x310.jpg)
Agents are being advised to go above and beyond the legal requirements for anti-money laundering requirements. Paul Offley, compliance officer for The...
13 October 2021
From: Breaking News
![PropTech Today - how can tech deliver a better sales process for all?](/upload/images/Site%20logos/ProptechToday-1-400x310.png)
My neighbour had been seeking to move home for some time. Suggestions that he wanted to get away from his neighbours...
18 August 2021
From: Breaking News
![Flexible working? Get flexible compliance!](/upload/images/adv-2021/sponsored-content/Smartsearch/Hybrid%20working%20image.png)
Recent research shows that when asked what their ideal working set up would be, most agents said ‘hybrid’* and with proposals...
16 August 2021
From: Sponsored Content
![Agency chief - 'I wish we could bring HIPs back, but just better executed!'](/upload/images/Site%20logos/InConversationToday-400x310.jpg)
In this week’s In Conversation Today, we have another industry big-hitter and one of the most high-profile female leaders in property...
22 July 2021
From: Breaking News
![Estate agents can now speed up their AML checks - here’s how](/img/default/eat.png)
As estate agencies are covered by Money Laundering Regulations, agents are legally obliged to take customer due diligence measures to limit...
01 June 2021
From: Sponsored Content
![Christopher Keen and Company Director at CDD Check Ltd.](/img/default/eat.png)
Who are you and what does it say on your business card? Christopher Keen and Company Director What is ‘company name’ and what...
14 May 2021
From: 60 Second Interview
![Leaving the EU does not mean leaving Anti-Money Laundering Laws behind](/img/default/eat.png)
Brexit means that the UK’s anti-money laundering laws are no longer governed by the European Union (EU), but any estate agents...
10 May 2021
From: Sponsored Content
![Online KYC checks help estate agents battle rising fraud](/img/default/eat.png)
As an estate agent, you should of course be performing robust Know Your Customer (KYC) checks as part of your Anti-Money...
01 May 2021
From: Features
![Stamp Duty – are you ready?](/img/default/eat.png)
The original stamp duty freeze, which started in July 2020, has already helped push house prices to a record high and...
24 March 2021
From: Sponsored Content
![In Conversation – Data Sharing with LonRes chief Anthony Payne](/img/default/eat.png)
In this week’s In Conversation Today, I speak with Anthony Payne, Managing Director and co-founder of LonRes, a data and network...
04 March 2021
From: Breaking News
![What leaving the EU means for anti-money laundering legislation](/img/default/eat.png)
The coronavirus pandemic has somewhat eclipsed Brexit this year – which is no mean feat. Cast your mind back to pre-Covid...
12 December 2020
From: Features
![Sellers can start conveyancing as soon as they list - claim](/img/default/eat.png)
A digital resource hub for estate agents launches a new product today, claiming to shorten transaction times. Sort Move, which has been...
04 December 2020
From: Breaking News
![Many firms sceptical of automated anti-money laundering systems](/img/default/eat.png)
Over a fifth of key businesses say they do not trust any element at all of automated anti-money laundering checks and...
06 November 2020
From: Breaking News
![Top tips on how to ensure your AML procedures are up to scratch](/img/default/eat.png)
The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...
27 October 2020
From: Legislation & Compliance
![The importance of addressing Conveyancing earlier in the home moving journey](/img/default/eat.png)
We all know that people can’t move to a new house without going through the Conveyancing process. However, with that said,...
14 October 2020
From: Sponsored Content
![AML checks for estate agents who don’t have time for compliance](/img/default/eat.png)
The last few months have been tough for the property sector, and the pressure will continue as estate agents across the...
19 August 2020
From: Features
![Facial recognition aid launched to help compliance during virus](/img/default/eat.png)
A PropTech firm has launched a new facial recognition feature to its existing digital anti-money-laundering platform. Due to the restrictions on travel...
06 May 2020
From: Breaking News
![Countrywide fine 'shows agents not taking anti-money laundering seriously'](/img/default/eat.png)
The huge £215,000 fine levied on Countrywide for failing to abide by anti-money laundering procedures is a demonstration that estate agents...
06 March 2019
From: Breaking News
![AML compliance – why the smart money is on automation](/img/default/eat.png)
Technology is transforming the way we comply with Anti Money Laundering (AML) regulation. It is providing a consistent approach, reliable outcomes...
05 September 2018
From: Features
![Don’t fall foul of anti-money laundering rules](/img/default/eat.png)
Does your company apply adequate customer due diligence measures when carrying out estate agency work? Does it establish and maintain appropriate policies...
28 July 2018
From: Features
![Is a passport enough for AML? (Part 1)](/img/default/eat.png)
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
25 June 2018
From: Sponsored Content
![Guild launches AML facial recognition ID service for members](/img/default/eat.png)
The Guild is offering member agents a service which will allow them to verify the legitimacy of their clients to conform...
05 April 2018
From: Breaking News
![Agents' PropTech Toolshed: The progression of sales progression](/img/default/eat.png)
Three weeks has flown by (I missed an early deadline last week - apologies) and I find myself writing the next...
24 March 2018
From: Features
![Agents reminded of GDPR responsibilities as implementation nears](/img/default/eat.png)
A major industry supplier has reminded estate and letting agents that they have to check their responsibilities and systems ahead of...
21 December 2017
From: Breaking News
![What is ‘Compliance in a Box’ all about?](/img/default/eat.png)
With ever increasing obligations, estate agents know that compliance matters now more than ever. However, being able to obtain access to the...
12 August 2016
From: Features
![Money laundering back on the agenda in government](/img/default/eat.png)
After all the recent Whitehall upheaval we can perhaps get back to business; and first item on the agenda seems to...
21 July 2016
From: Sponsored Content
![LonRes and Eversheds launch anti-money laundering service for agents](/img/default/eat.png)
London transaction data company LonRes and law firm Eversheads are launching an agent-to-agent anti money laundering compliance service for LonRes subscribers. The...