The wife of a jailed banker has agreed to forfeit a house in Knightsbridge worth approximately £14m and a golf club...
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![Surge in agents’ Suspicious Activity Reports filed to National Crime Agency](/upload/images/shutterstock_2246635353.jpg)
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
![Key actions conveyancers must take to protect against fraud risk](/upload/images/5%20PROOFED%20Conveyancers%20urged%20to%20increase%20vigilance%2C%20risk%20assessment%20and%20safeguarding%20measures%20to%20protect%20against%20fraud%20By%20Jonathan.jpg)
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
![Agents urged to be more suspicious](/upload/images/Shutterstock-only%20images/Property%20Market/3%20CoupleMakingOffer-400x310.png)
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
![Agents face a 'perfect storm' for money laundering](/upload/images/Agents%20face%20a%20perfect%20storm%20for%20money%20laundering.png)
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 National Crime Agency to present Rightmove webinar](/upload/images/Shutterstock-only%20images/Rental%20Market/Fine-3-400x310.png)
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
![Going digital is the answer to sector compliancy woes](/upload/images/Shutterstock-only%20images/Misc/martin400x310.jpg)
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
![Time is running out for legacy customer checks](/upload/images/Housing%20Market%20%26%20Property%20Images/FemaleInvestor4-400x310-min.jpeg)
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
!['Frightening' number of 'agents' unaware of where to report AML concerns](/upload/images/Housing%20Market%20%26%20Property%20Images/MillennialAgent-Tech-400x310.jpg)
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
![Confiscate oligarchs’ homes and sell them to raise cash for Ukraine - call](/upload/images/library/ForSaleBoard-400x310.jpg)
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
![A Lesson for Agents from the Ukraine Crisis](/upload/images/Politics%20(MPs%2C%20party%20logos%2C%20etc)/ParliamentView-400x310.jpg)
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
![A guide for Money Laundering Officers: Championing AML compliance in your agency](/upload/images/Housing%20Market%20%26%20Property%20Images/UK-Cash-20-400x310.jpg)
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
![Move Over Monopoly: New board game reflects real housing market](/img/default/eat.png)
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
![How to ensure your letting business remains compliant](/img/default/eat.png)
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
![Cyber attack hits council searches and will take months to recover](/img/default/eat.png)
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
![Huge property empire collapses after National Crime Agency probe](/img/default/eat.png)
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 bans three homes from being sold](/img/default/eat.png)
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
![Fifth Anti-Money Laundering Directive: time to check your compliance](/img/default/eat.png)
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
![Anti-money laundering – acting on your suspicions](/img/default/eat.png)
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
![Tax Probe: family returns homes worth £8m and repays £368,000 rent](/img/default/eat.png)
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
![Buyer must explain how she bought six properties worth £3.2m](/img/default/eat.png)
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
![Banned: homes at centre of Crime Agency probe cannot be sold](/img/default/eat.png)
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
![Anti-money laundering: the key myths and misconceptions](/img/default/eat.png)
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
![AML Fines for estate agents published](/img/default/eat.png)
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
![Agents doing not nearly enough to report money laundering - claim](/img/default/eat.png)
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
![What is the risk?](/img/default/eat.png)
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
![It’s time to upgrade your AML armoury](/img/default/eat.png)
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
![Anti-money laundering system to be beefed up by new government board](/img/default/eat.png)
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
![Let’s focus on the real foreign property ownership problem](/img/default/eat.png)
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
![Don’t fall foul of anti-money laundering rules](/img/default/eat.png)
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
![Proptech: automate anti-money laundering, security chief urges](/img/default/eat.png)
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
![Anti-money laundering and property: the government has upped the ante](/img/default/eat.png)
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
![Property deals account for one-third of all money laundering alerts](/img/default/eat.png)
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
![New 'national economic crime centre' to tackle money laundering](/img/default/eat.png)
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
![Financial crime – are estate agents at risk?](/img/default/eat.png)
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
![Anti-money laundering: only 1 in 300 foreign deals triggers a 'red flag'](/img/default/eat.png)
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
![Money laundering back on the agenda in government](/img/default/eat.png)
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 and eMoov lead panel as online and traditional agents square up](/img/default/eat.png)
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
![Anti-money laundering: NAEA says many agencies haven't nominated key roles](/img/default/eat.png)
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
![Money laundering skews London prices: 'we all know it' says legal expert](/img/default/eat.png)
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
![London money laundering figure exaggerated says analyst](/img/default/eat.png)
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
![Money laundering: agents warned by National Crime Agency](/img/default/eat.png)
Estate agents have been warned by the National Crime Agency that they must not hesitate to inform the authorities if they...