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KEYWORD "National Crime Agency" - 43 RESULTS
Multi-million pound house ‘forfeited’ by wife of jailed banker

The wife of a jailed banker has agreed to forfeit a house in Knightsbridge worth approximately £14m and a golf club...

07 August 2024

From: Breaking News

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

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

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

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

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

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

Time is running out for legacy customer checks

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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?

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'

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

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

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

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

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

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

Estate agents have been warned by the National Crime Agency that they must not hesitate to inform the authorities if they...

27 July 2015

From: Breaking News

NAEA condemns exposed estate agents and launches investigation

The National Association of Estate Agents says the agents named in Channel 4‘s From Russia With Cash documentary may have tarnished...

09 July 2015

From: Breaking News

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