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
![AML platform adds material information tools](/upload/images/Shutterstock-only%20images/Property%20Market/UBO%20register%20%20_AML-400x310.png)
Anti-money laundering platform (AML) Credas Technologies has launched a material information function, helping estate agents to get ahead of the latest...
11 December 2023
From: Breaking News
![Estate agency AML fines on the rise](/upload/images/Shutterstock-only%20images/Property%20Market/_AML%20_400x310.png)
The average anti-money laundering (AML) fine issued to estate agents for non-compliance so far during 2022/23 has already crept beyond the...
19 July 2023
From: Breaking News
![Agents unaware of Economic Crime Levy](/upload/images/Shutterstock-only%20images/Property%20Market/Forecast-400x310.png)
The majority of estate agents are in the dark about the Government’s Economic Crime Levy (ECL), when it was implemented or...
19 April 2023
From: Breaking News
![Agents warned on spring surge in AML activity](/upload/images/Shutterstock-only%20images/Property%20Market/_AML%20_400x310.png)
Agents are being urged to ensure they are up to speed with anti-money laundering (AML) requirements as the market enters its...
24 March 2023
From: Breaking News
![Property professionals back digital identity framework](/upload/images/Shutterstock-only%20images/PropTech/HomeInternet-400x310.png)
Property professionals have given their backing to the idea of a universal digital identity for buyers and sellers to speed up...
22 February 2023
From: Breaking News
![What is keeping estate agents awake at night in 2023?](/upload/images/Site%20logos/reapit-image.jpg)
Two of the biggest challenges facing the property industry right now are fraud and money laundering. The scale of these activities is...
15 February 2023
From: Features
![AML 'oversights' push up agency fines - claim](/upload/images/Shutterstock-only%20images/Property%20Market/_AML-400x310.png)
The average anti-money laundering (AML) fine issued to the estate agency sector for non-compliance has started to climb, reversing the previous...
18 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
![Agents facing increased AML fines ‘by accident’ - warning](/upload/images/Shutterstock-only%20images/Rental%20Market/Fine-400x310.png)
Most agents are falling foul of anti-money laundering (AML) rules by accident but the sector could face more compliance-related fines by...
09 November 2022
From: Breaking News
![AML platform adds open banking technology](/upload/images/Shutterstock-only%20images/PropTech/PropTech2-400x310.png)
Anti-money laundering platform Credas has integrated open banking technology as part of its agent-facing proposition. Open banking lets consumers securely share their...
07 November 2022
From: Breaking News
![A quarter of buyers not asked to prove identity - claim](/upload/images/library/IdentityChecks-1-400x310.jpg)
Almost a quarter of buyers have claimed they were not asked to verify their identity when purchasing a property, a survey...
30 August 2022
From: Breaking News
![Popular agency AML platform receives government kitemark](/upload/images/Housing%20Market%20%26%20Property%20Images/MillennialOnPhone-400x310.jpg)
Anti-money laundering platform Credas Technologies has become one of the first companies of its kind to be certified against the UK...
29 July 2022
From: Breaking News
![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
![Agents urged to show their pride on LGBT issues](/upload/images/Miscellaneous/PrideFlag-400x310.png)
Better LGBT representation is needed among property professionals, both in the workplace and in marketing, campaigners claim. LGBT property networking group Freehold...
28 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
![40% of property firms fined For AML breaches had 'refused help'](/upload/images/Miscellaneous/Anti-Money-Laundering-4-400x310.jpg)
Many of the property firms recently fined for anti-money laundering (AML) breaches have previously turned down help, Credas claims. It was revealed...
26 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...