SmartSearch looks at the importance of incorporating Source of Funds checks into KYC processes It is no secret that the UK property...
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KEYWORD "Money Launderers" - 18 RESULTS
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Leading digital compliance firm SmartSearch has launched an innovative new solution to help professionals working within the UK property sector to...
30 September 2023
From: Features
HMRC has fined estate agents over £500,000 for anti-money laundering (AML) breaches in the past two months. Yet despite property managers...
26 November 2022
From: Features
Dozens of estate agents have been fined a combined total of £519,645 for failing to meet their obligations under anti-money laundering...
02 November 2022
From: Features
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
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
Better AML solutions needed amid warnings of possible impacts of Afghanistan exit on financial crime
Regulators are warning the UK’s property, finance and legal sectors to be aware of the possible impacts of the exit from...
09 September 2021
From: Sponsored Content
The Chancellor’s recent announcement that the stamp duty holiday would be extended for another three months was undoubtedly great news for...
27 March 2021
From: Features
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 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
Yesterday (January 10 2020), the Fifth Anti-Money Laundering Directive (5AMLD) became law. It forms part of ongoing international efforts to tackle...
11 January 2020
From: Features
A Parliamentary committee has claimed that 160 properties in the UK are owned by “high corruption-risk individuals” and wants more to...
20 May 2019
From: Breaking News
A survey undertaken by the respected Economist Intelligence Unit and a risk solutions company suggests that estate agency may be one...
17 May 2019
From: Breaking News
The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...
25 February 2019
From: Sponsored Content
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
A PropTech company boss says evidence given to MPs confirms the need to improve anti-money laundering processes through greater automation and...
10 July 2018
From: Breaking News
The spread and sophistication of financial crime in the UK in recent years has been unprecedented. Figures from UK Finance show that...
04 November 2017
From: Features
Estate agents complying with new anti-money laundering regulations introduced this week are unlikely to avoid falling foul of terrorists and criminal...
