Fraud poses a significant challenge for residential conveyancers, with criminals often attempting to exploit the transaction process for money laundering purposes. The...
Archive
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
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
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
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
As another round of property firms is fined, named and shamed for breaching anti-money laundering rules, it feels like the road...
18 June 2022
From: Features
A ‘frightening’ number of respondents to a Rightmove online poll appear to be unaware of their anti-money laundering reporting requirements. The portal...
05 May 2022
From: Breaking News
The Mayor of London is demanding ministers take sanctioning Russian oligarchs seriously by moving immediately to seize assets that can then...
08 March 2022
From: Breaking News
If the UK and its allies have been played by Russia over the Ukraine ‘invasion’, and it’s beginning to look that...
19 February 2022
From: Features
Increasingly rigorous Money Laundering Directives have made regulations in the property industry more stringent than ever, and Estate Agents have a...
22 November 2021
From: Legislation & Compliance
A new property board game called Gazumped aims to rival Monopoly but reflect a much more realistic view of how the house...
01 April 2021
From: Breaking News
Being a letting agent today means keeping up to date with the long list of rules and regulations governing how a...
20 February 2021
From: Features
A cyber-attack on a London council has caused some transactions to fall through and others to be significantly delayed. The attack occurred...
14 December 2020
From: Breaking News
A businessman with links to serious criminals has lost his vast investment property empire worth nearly £10m after a National Crime...
08 October 2020
From: Breaking News
National Crime Agency officers working as part of a Paramilitary Crime Task Force have searched a home in Belfast and have...
27 July 2020
From: Breaking News
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
The Fifth Money Laundering Directive becomes law in the UK on January 10 2020, strengthening the responsibilities placed on private companies...
07 December 2019
From: Features
Properties worth a combined £8.1m have been surrendered to the National Crime Agency following a tax probe. The properties included 16 homes...
28 November 2019
From: Breaking News
A Northern Irish woman with suspected links to serious organised crime has been ordered to explain how she financed the purchase...
08 August 2019
From: Breaking News
Three ultra-high-value London properties cannot be sold while a money laundering investigation continues. The houses have not been identified but were most...
31 May 2019
From: Breaking News
The UK property market can be seen by criminals as an effective vehicle to conceal the proceeds of economic crime. Criminally...
18 May 2019
From: Features
Estate agent anti-money laundering (AML) compliance is under scrutiny again following the publication of figures detailing the fines levied for AML...
13 March 2019
From: Sponsored Content
The government’s anti-money laundering campaign Flag It Up has published an A to Z which it claims will help agents understand...
25 February 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...
20 February 2019
From: Sponsored Content
The government has moved to crack down on money laundering in the UK with a new campaign focusing on the accountancy,...
16 January 2019
From: Features
The National Association of Estate Agents has met with other members of a high-level government board to look at ways of...
15 January 2019
From: Breaking News
It’s time to sort the wheat from the chaff when it comes to overseas buyers of property. If you listen to Theresa...
13 October 2018
From: Features
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 announcement that MPs will set up a Select Committee to probe the scale of money laundering in the UK property...
14 April 2018
From: Features
Almost a third of all ‘Suspicious Activity Reports’ concerning possible anti-money laundering infringements and reported to the National Crime Agency have...
13 February 2018
From: Breaking News
The Home Office has announced a new division to tackle fraud issues, including money laundering. A new national economic crime centre within...
04 January 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
One one in every 300 property purchases by overseas buyers trigger a so-called ‘red flag’ with the National Crime Agency -...
12 October 2017
From: Breaking News
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
Purplebricks chief executive Michael Bruce is to speak alongside eMoov founder Russell Quirk in a debate to be held at the...
14 January 2016
From: Breaking News
The National Association of Estate Agents admits that “take up has been low” in its bid to persuade each member agent to...
26 October 2015
From: Breaking News
A legal expert suggests central London’s house prices may have been skewed because of money-laundering - “and we all know it.” Jonathan...
14 October 2015
From: Breaking News
The head of research at lettings portal Lettingweb.com says the National Crime Agency’s claims about hundreds of billions of pounds of...
28 July 2015
From: Breaking News
Estate agents have been warned by the National Crime Agency that they must not hesitate to inform the authorities if they...