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KEYWORD "Money Laundering" - 100 RESULTS
Estate agents fined more than £3m for failing to register for AML

Estate agents were fined a total of more than £3m in the nine months to September 2023 for failing to register...

22 May 2024

From: Features

One in seven property purchases use overseas funds – research

More than one in seven (13%) buyers purchasing properties in the UK are using funds from overseas to fund all or...

21 May 2024

From: Breaking News

Latest Rightmove and FCS Compliance AML webinar announced

Rightmove has revealed details of its latest anti-money laundering (AML) webinar. The next event, in partnership with FCS Compliance, is titled 10...

17 May 2024

From: Breaking News

AML compliance done digitally through proper identity verification

Estate agents and lettings agents have a legal obligation to protect themselves from money laundering and as such you must recognise...

13 May 2024

From: Sponsored Content

Estate agents and money laundering - the need for vigilance

For most of us, estate agents are key when it comes to the biggest sales and purchases of our lives. With the...

04 May 2024

From: Features

Surge in agents’ Suspicious Activity Reports filed to National Crime Agency

There’s been a significant rise in the number of so-called Suspicious Activity Reports concerning money laundering and the agency industry. Suspicious Activity...

01 May 2024

From: Breaking News

Industry Alert: The Digital Takeover Transforming Estate Agency now!

In this latest article from the team at Iceberg Digital, they discuss how the digital realm is transforming Estate Agency.   The...

24 April 2024

From: Breaking News

Are property firms strengthening financial crime measures with comprehensive business checks?

Regulated firms across all sectors will be well aware of Know Your Customer (KYC) checks and their importance in combatting financial...

13 April 2024

From: Features

Key actions conveyancers must take to protect against fraud risk

Fraud poses a significant challenge for residential conveyancers, with criminals often attempting to exploit the transaction process for money laundering purposes. The...

13 April 2024

From: Features

 AML warning as hundreds of agents hit with HMRC fines

An anti-money laundering (AML) expert has queried why there is a reluctance among estate agents to accept and follow AML responsibilities. It...

12 April 2024

From: Breaking News

How estate agents can help win the war on financial crime

Financial crime within the property sector is on the rise and the stats are alarming. According to data from Apex Bridging,...

23 March 2024

From: Features

Agents failing to do AML checks on business contacts - warning

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

Common Pitfalls: Avoiding Fines in UK Property Transactions

As you begin the process of property transactions in the UK, it's important to understand potential pitfalls that may result in...

16 March 2024

From: Features

Propertymark: 'Agents are willing to pay for industry regulation'

Agents would be happy to pay for regulation but the sector should be wary of costs, a Propertymark executive has told...

06 March 2024

From: Breaking News

Property platform offers agents free AML checks

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

Just one estate agent has signed up to verify overseas property owners

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

27 February 2024

From: Breaking News

More than 3,000 estate agents at risk of fines and prison for failing to register with HMRC for AML supervision

Digital compliance specialist SmartSearch can help estate agents comply quickly and efficiently Around one in five estate agents are not registered for...

24 February 2024

From: Features

Secure share product aims to boost agency referrals and speed up sales

Client compliance platform Thirdfort has launched its updated Secure share product to help estate agents boost referrals through the secure sharing...

06 February 2024

From: Breaking News

Agents urged to help tackle digital divide for home movers

A digital divide has emerged when it comes to moving home.  Research by anti-money laundering (AML) platform Thirdfort has found that 46%)...

02 February 2024

From: Breaking News

Rightmove schedules AML webinar

Rightmove and FCS Compliance have launched the latest in their series of anti-money laundering (AML) webinars. The events are free for Rightmove...

19 January 2024

From: Breaking News

Revealed! The regions where homeowners are at most risk of property fraud

Homeowners in the East Midlands, North East, North West and Scotland may be at higher risk of property fraud, research suggests. Anti-money...

22 December 2023

From: Breaking News

Consumers willing to pay for faster property transactions - research

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

AML platform adds material information tools

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

Why property firms should prioritise open banking in 2024

SmartSearch looks at the importance of incorporating Source of Funds checks into KYC processes It is no secret that the UK property...

29 November 2023

From: Features

Lack of communication slowing down sale completion times - claim

Estate agents spend almost half their working day chasing or being chased for issues as a new report highlights concerns about...

24 November 2023

From: Breaking News

Agency sanction screening drops despite rising geopolitical tensions

Estate agents are among falling numbers of regulated firms that aren’t checking sanctions and politically exposed persons (PEP) lists, research suggests. A...

23 November 2023

From: Breaking News

HMRC checking agency AML procedures - warning

Estate agents are being reminded of their anti-money laundering (AML) responsibilities. It comes after HMRC has seen a rise in new applications...

20 November 2023

From: Breaking News

Lawyers are too slow, homebuyers claim

The conveyancing process has been highlighted as a key pain point among buyers in the property transaction process. Research by anti-money laundering...

02 November 2023

From: Breaking News

Client money accounting made easy with PayProp

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

26 October 2023

From: Sponsored Content

SmartSearch launches innovative new solution to help estate agents and conveyancers detect dirty money

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

Estate agent's guide to spotting title-related issues and what to do about them

As an Estate Agent it’s important to be able to interpret and understand the information that a Title Deed document presents...

20 September 2023

From: Features

New compliance product aims to spot regulatory gaps for agents

Compliancy expert Legal Eye has launched a new product to help agents ensure they are properly following all rules and regulations. Its...

19 September 2023

From: Breaking News

OnTheMarket Software integrates AML offering

OnTheMarket Software has announced an integration with digital ID and source of funds provider Thirdfort. The digital ID, anti-money laundering and source...

18 September 2023

From: Breaking News

What should agents be doing to stay compliant with AML regulations?

As money laundering compliance marks its twentieth year, more and more estate agents are being fined for breaches of HMRC’s ID...

09 September 2023

From: Features

Lack of digital tools adds to stress of property purchases – claim

UK homebuyers have expressed support for more digital tools to reduce the administrative burden of purchasing a property yet few have...

29 August 2023

From: Breaking News

New figures highlight estate agents’ money laundering failings

For most people, buying a house or flat is the largest financial commitment they will ever make. Which is why many...

26 August 2023

From: Features

Big rise in agents registered with HMRC but thousands more to come

Over 20,000 UK agency branches have now registered with HMRC for anti-money laundering supervision. A new analysis from risk management platform Thirdfort...

14 August 2023

From: Breaking News

Conveyancers face ‘too many complaints’ about undertaking breaches

The Council for Licensed Conveyancers (CLC) has warned it is receiving “too many complaints” about breaches of undertakings by solicitors. The regulator...

09 August 2023

From: Breaking News

New strategic partnership aims to boost agency compliance

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

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

Agency trade body backs AML overhaul

Propertymark has given its backing to simplifying how firms are regulated under anti-money laundering (AML) rules. The Treasury is currently consulting on...

26 July 2023

From: Breaking News

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...

26 July 2023

From: Breaking News

Estate agency AML fines on the rise

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

Estate agents need to know: How can digital ID tools help you with AML?

Tackling economic crime is part of the day job for estate agents. But how can the latest digital ID tools help...

12 July 2023

From: Features

Unlocking success: capabilities an ideal CRM toolbox should offer

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

Agents invited to one-of-a-kind industry compliance webinar

Propertymark is working with an Anti-Money Laundering service to stage a webinar for agents wanting to know more about compliance. At the...

10 July 2023

From: Breaking News

Registrations for free ‘property alert’ service rise

Increasing numbers of homeowners are signing up to a property alert scheme to protect against fraudulent property transactions. New figures obtained from...

04 July 2023

From: Breaking News

Details revealed for latest Rightmove AML webinar

Anti-money laundering (AML) specialist FCS Compliance has unveiled the latest in its series of collaborative webinars with Rightmove. The next session on...

26 June 2023

From: Breaking News

Agency training platform launches sales progression qualification

The Able Agent, has launched a new sales progression course and qualification, designed to raise industry standards and put a spotlight...

21 June 2023

From: Breaking News

Agents urged to be more suspicious

Increasing numbers of estate agents are submitting suspicious activity reports (SARS) but questions are being raised about whether there should be...

15 June 2023

From: Breaking News

Legal expert: Will latest AML fines be ‘wake-up call’ for estate agents?

HMRC data showing more than £1m of anti-money laundering (AML) fines to estate and lettings agents should be a “wake-up call”...

13 June 2023

From: Breaking News

Agency backed AML platform reaches 1m milestone

Agency-backed anti-money laundering platform Thirdfort is celebrating reaching 1m downloads of its app. Thirdfort, backed by Knight Frank, Chestertons and Savills’ proptech...

06 June 2023

From: Breaking News

Tackling fraud in the current climate - what’s the reality for agents?

Property fraud is a significant risk for agents, particularly as fake IDs become increasingly prevalent, and the economic climate remains challenging....

06 May 2023

From: Features

Smoove pauses agency AML product

Conveyancing software provider Smoove’s flagship agency product has been “paused.” Smoove Start was launched last year, providing a platform for agents to...

03 May 2023

From: Breaking News

Agents face a 'perfect storm' for money laundering

Recent research estimated that up to £100 billion is being stolen in the UK each year, with much of it due...

22 April 2023

From: Features

New agency AML service pledges to pay fines for own errors

A new product to help agents meet their anti-money laundering (AML) responsibilities has launched. Lifetime Legal has unveiled Smart Compliance, which advises...

21 April 2023

From: Breaking News

New agency AML product aims to reduce risk of fines

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 unaware of Economic Crime Levy

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

Revealed – what estate agents need to know to succeed at compliance in 2023

The dreaded ‘C word’ – compliance – has been facing Estate Agents for years now and it’s not going anywhere. Looking ahead...

15 April 2023

From: Features

70% of compliance professionals fear the growing threat of cryptocurrency-enabled money laundering.

New data shows that a large majority of compliance professionals are worried about the crypto-currency related money laundering. The survey, which gathered...

14 April 2023

From: Breaking News

New AML levy set to hit larger agents

Agents of all sizes are being urged to make themselves aware of a new anti-money laundering (AML) charge that has come...

11 April 2023

From: Breaking News

Agents ‘risking reputation’ by relying on manual AML checks

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

Agents warned on spring surge in AML activity

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

Research highlights lack of law firms and agents registered for property ownership checks

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

23 March 2023

From: Breaking News

Zoopla’s software becomes accredited supplier of New Homes Quality Board

Zoopla has become the latest accredited supplier of the New Homes Quality Board (NHQB) for its software that supports housebuilders. It come...

02 March 2023

From: Breaking News

AML provider joins Reapit’s AppMarket

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

Agenda-setting campaign exposes AML loopholes

SmartSearch, the UK’s leading provider of digital compliance, has published an agenda-setting whitepaper to highlight the anti-money laundering shortcomings and sanctions...

25 February 2023

From: Features

Property professionals back digital identity framework

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

Reader poll: Do you charge for AML checks?

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

What is keeping estate agents awake at night in 2023?

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

UK Government has vowed to use ‘all the tools’ to expose the ‘criminals and corrupt elites’ using the UK property market to clean their dirty cash

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

11 February 2023

From: Features

Purplebricks criticised over new £60 AML fee

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

New AML overseas company rules go live as thousands miss deadline

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

02 February 2023

From: Breaking News

Don’t leave AML checks to your accountant, agents advised

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

AML 'oversights' push up agency fines - claim

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

Buyers warned about ‘wild west’ of social media sales

Buyers should be mindful about the rise of so called ‘Insta-agents,’ a property body has warned. The National Association of Property Buyers...

17 January 2023

From: Breaking News

FCS Compliance and National Crime Agency to present Rightmove webinar

FCS Compliance and the National Crime Agency (NCA) have joined forces to present the first Rightmove anti-money laundering (AML) webinar of...

17 January 2023

From: Breaking News

Major housebuilder agrees multi-year software contract with Zoopla

Housebuilder Persimmon has signed a multi-year software contract with Zoopla. It follows the launch of Zoopla for Housebuilders in July, a new...

11 January 2023

From: Breaking News

Agents warned against AML complacency on Russian sanctions

Sanctions against Russian oligarchs are working but agents and property professionals are being warned against getting complacent when checking international buyer...

06 January 2023

From: Breaking News

24 agency brands among latest firms fined for AML breaches

HMRC fined 24 estate agency and property businesses for anti-money laundering (AML) breaches between April and June 2022, new figures show. The...

16 December 2022

From: Breaking News

Propertymark unveils compliance service to help agents avoid fines

Propertymark has launched a new compliance service for its member agents. The offering, called Calm about Compliance, will see experienced auditors advise,...

14 December 2022

From: Breaking News

Property Jobs Today - the movers, shakers and people in the news

It has been another busy month for job moves in the estate agency sector. Here are some of the latest moves that...

30 November 2022

From: Breaking News

Agent AML buyer checks to rise 30% by end of 2022 

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

Research identifies anti-money laundering hotspots

Northern Ireland has been named as a potential hotspot for money laundering. New data from anti-money laundering software provider SmartSearch has identified...

28 November 2022

From: Breaking News

OnTheMarket launches first ever majority agent-owned CRM platform

OnTheMarket Group has launched its own proprietary customer relationship management (CRM) platform for estate agents following a successful trial period.   TecCRM, which...

28 November 2022

From: Breaking News

Avoiding the threat of fines: what’s often missed in the AML process

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

Agents facing increased AML fines ‘by accident’ - warning

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

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

PropTech Today: how PropTech can ensure compliance within the sector

With the ever-persistent compliance hurdles materialising within the property market, Nathan Emerson, CEO of Propertymark, speaks about how the use of...

03 November 2022

From: Breaking News

Agents must take AML seriously after huge HMRC crackdown

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

Former estate agent aims to tackle industry sales backlog

A former estate agent has launched a white-labelled sales progression tool for the industry after his own experiences of purchasing a...

27 October 2022

From: Breaking News

Problems setting up a client account? Here's what to do

Over the last few months, The Letting Partnership has seen an increase in calls from agents who are struggling to open...

22 October 2022

From: Features

AML platform secures Mint partnership for agents 

Agency-backed risk management platform Thirdfort has partnered with insurance brokers Mint to provide policyholders with access to anti-money laundering (AML) and...

18 October 2022

From: Breaking News

Stamp duty cut - much needed boost or short term fix? Either way, estate agents need to prepare for the rush

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

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

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

AML fines! Cases opened against Propertymark agents

Trade body Propertymark has revealed that it has opened compliance cases against a small number of members following the latest HMRC...

12 October 2022

From: Breaking News

New AML webinar for Rightmove users to focus on ‘reliance’

FCS Compliance has announced the latest in its anti-money laundering (AML) series of webinars with Rightmove.  The latest is titled The Role...

06 October 2022

From: Breaking News

 Agents ‘wrongly’ rely on hard copy AML checks

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

A quarter of buyers not asked to prove identity - claim

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

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