Archive

Just one estate agency has signed up to become a UK-regulated agent to verify overseas entities for property ownership. The Register of...

Leading digital compliance firm SmartSearch has launched an innovative new solution to help professionals working within the UK property sector to...

New analysis may called into question the experience of firms approved to check the Government’s flagship register of overseas entities (ROE). The...

AML experts SmartSearch warn estate agents that, with so many firms still hiding behind ‘opaque corporate structures,’ proper due diligence has...

Thousands of foreign companies with property in the UK have failed to declare their true owners. It comes as new anti-money laundering (AML)...

HMRC has fined estate agents over £500,000 for anti-money laundering (AML) breaches in the past two months. Yet despite property managers...

Over the last five years, the Government has introduced a range of measures to regulate the property market, particularly in the...

It’s taken Russia’s invasion of Ukraine for the UK to finally take a much-needed step in the right direction to stop...

Savills has released a revised five-year forecast for the UK’s prime housing markets, to reflect the strong levels of activity in...

A compliance expert has warned that even though most agents will have robust anti-money laundering (AML) checks and processes in place,...

Agents are being given the chance to learn how to improve their anti-money laundering (AML) processes from a veteran police investigator. Rightmove...

It is claimed by Propertymark that the government’s Economic Crime Bill - to be debated in the House of Commons today -...

London mayor Sadiq Khan says he supports the seizure of property assets connected to the allies of Russian President Vladimir Putin.  The...

The outcome of the Ukraine crisis is far from certain, but one thing has become abundantly clear. The long-overdue Economic Crime...

The Mayor of London, Sadiq Khan, wants the government to put a stop to the capital being used for international money...

The Pandora Papers - the biggest ever leak of offshore data - has revealed that the UK’s property market is being...

Propertymark has spoken out over the Pandora Papers leak scandal, which reveals many elite and super-rich buyers of properties in London...

Brexit means that the UK’s anti-money laundering laws are no longer governed by the European Union (EU), but any estate agents...

The coronavirus pandemic has somewhat eclipsed Brexit this year – which is no mean feat. Cast your mind back to pre-Covid...

NAEA Propertymark is calling on agents to show “greater diligence” when dealing with Russian buyers, in the light of the report...

Yesterday (January 10 2020), the Fifth Anti-Money Laundering Directive (5AMLD) became law. It forms part of ongoing international efforts to tackle...

The government has published its response to an MPs’ committee’s comments on overseas buyers of properties in the UK - and...

HM Revenue & Customs has issued more details of its bid to encourage estate agents to combat money laundering in the...

The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...

The government has moved to crack down on money laundering in the UK with a new campaign focusing on the accountancy,...

It’s time to sort the wheat from the chaff when it comes to overseas buyers of property. If you listen to Theresa...

A London estate agent who works closely with High Net Worth overseas buyers has hit out a proposed law which he...

Does your company apply adequate customer due diligence measures when carrying out estate agency work?  Does it establish and maintain appropriate policies...

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

A technology company says that despite government attempts to eradicate money laundering in property transactions, agents and other industry professionals have been left...

London Mayor Sadiq Khan is stepping up the pressure on government to speed up the delivery of a new public register...

The Home Office has announced a new division to tackle fraud issues, including money laundering. A new national economic crime centre within...

A new EU crackdown on money laundering requires estate agency businesses to adopt a collaborative approach if they are to avoid...

The National Association of Estate Agents has thrown its weight behind a government move to create a register of overseas companies...

The National Association of Estate Agents says it welcomes the government’s commitment to establish a public register of beneficial ownership information...

Conducting Customer Due Diligence on clients and beneficial owners is a requirement for all estate agents.   The articles in this series...

Straightforward money laundering customer due diligence (CDD) is a worry for agents, but then also having to identify beneficial owners and...

There is a substantial amount of misunderstanding over this question, which needs clarifying.   In general terms, the Money Laundering Regulations require...

The National Association of Estate Agents is awaiting a response from the government to its demand for four changes to sale...

The National Association of Estate Agents has teamed up with a campaigning anti-corruption body to call for four major changes to...

A pressure group is calling for estate agents to conduct additional checks to ensure the legal provenance of buyers’ funds, and...