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KEYWORD "Smartsearch" - 59 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

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

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

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

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

Are estate agents too trusting of long-term clients?

There’s no question that trust is the bedrock of any longstanding client relationship. It is built on delivering on your promises...

03 February 2024

From: Features

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

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

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

Why a traditional KYC approach is no longer fit for purpose for property firms

Amidst mounting regulatory pressure and the escalating threat of financial crime, property firms must embrace innovation to protect themselves and their...

13 May 2023

From: Features

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

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

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

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

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

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

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

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

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

Alto unveils agenda for first virtual event

Zoopla-backed agency software provider Alto has announced the speaker line-up and agenda for its inaugural virtual event.  Altogether Live will take place...

12 September 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

As HMRC reveals almost half of those falling foul of AML regulations are property firms, estate agents are urged to get their compliance in order or face the consequences

HM Revenue & Customs (HMRC) recently published a list of firms that have received penalty notices for failure to meet their...

17 August 2022

From: Sponsored Content

Property firms failing to detect criminal 'ghosts'

Property firms are still failing to make basic anti-money laundering checks (AML), and some may even unwittingly be helping politically exposed...

26 July 2022

From: Breaking News

AML warning: Financial criminals targeting smaller property firms

Anti-money laundering (AML) software provider SmartSearch is warning of a rise in financial crime, particularly targeting smaller property firms. A survey of...

15 July 2022

From: Breaking News

Property firms failing to adapt AML processes despite Russian sanctions - claim

Up to 70% of property firms have not changed their approach to onboarding new customers since sanctions were imposed on Russia...

28 June 2022

From: Breaking News

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

AML platform secures 1,000th property client

Anti-money laundering specialist SmartSearch has reached 1,000 clients in the property industry. It comes amid increased scrutiny of money laundering amid sanctions...

07 June 2022

From: Breaking News

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

House price growth may be slowing but there is still plenty of movement in the property jobs market. Here are some of...

31 May 2022

From: Breaking News

Property Natter: ‘the only way to bring about change is to be proactive’

In this latest ‘Women in Property’ edition of the Natter, I check in with Collette Allen, who was recently appointed as...

28 May 2022

From: Features

Estate Agents warned to ensure screening procedures are up to date as the Government toughens sanctions on Russia

Estate agents and other property businesses need to ensure their customer screening processes are robust and up to date following extensive...

02 March 2022

From: Sponsored Content

Alto Q&A: New features and integrations agents need to know about

We know that agents rely heavily on property software solutions to run their agency, particularly to ease the burden of administrative...

01 March 2022

From: Sponsored Content

Opinion: The property sector should take action now, not wait for the Economic Crime Bill

The outcome of the Ukraine crisis is far from certain, but one thing has become abundantly clear. The long-overdue Economic Crime...

26 February 2022

From: Features

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

Insight - an estate agents’ guide to AML

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

Identity theft and fraud - how it happens and how to prevent it

The Covid-19 pandemic has had a huge impact on all aspects of our lives, but undoubtedly one major negative side effect...

11 December 2021

From: Features

Compliance check list - are you New Year ready?

Compliance check list - are you New Year ready? The start of a new year is a great time for estate agents...

10 December 2021

From: Sponsored Content

Estate agents urged to assess compliance procedures after sloppy AML checks lead to man’s house being stolen

Estate agents are being urged to ensure their compliance procedures are up to scratch after fraudsters stole a man’s identity and...

02 December 2021

From: Sponsored Content

Agents - time to make the switch to EV

The phrase ‘time is money’ is particularly pertinent for estate agents. Since the stamp duty holiday ended, the forecast drop in...

17 November 2021

From: Features

Why the UK property market is at the centre of global tax avoidance and financial crime

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

Will online agencies take over, or do we still need face-to-face contact?

Like most industries, estate agency is changing. A general trend to a more hybrid model, accelerated by the pandemic has resulted...

06 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

Flexible working? Get flexible compliance!

Recent research shows that when asked what their ideal working set up would be, most agents said ‘hybrid’* and with proposals...

16 August 2021

From: Sponsored Content

As buyers race to save, agents should focus on sales, not compliance

The property market was expected to struggle to recover after the first lockdown, but, thanks to the stamp duty holiday and...

30 June 2021

From: Features

Estate agents risk multi-million-pound fines if they don’t keep proper customer records

While running customer identification and verification checks is part and parcel of the onboarding process for estate agents, under UK anti...

01 June 2021

From: Sponsored Content

Leaving the EU does not mean leaving Anti-Money Laundering Laws behind

Brexit means that the UK’s anti-money laundering laws are no longer governed by the European Union (EU), but any estate agents...

10 May 2021

From: Sponsored Content

Stamp duty holiday: could the market be more vulnerable to fraud?

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

Stamp Duty – are you ready?

The original stamp duty freeze, which started in July 2020, has already helped push house prices to a record high and...

24 March 2021

From: Sponsored Content

Many firms sceptical of automated anti-money laundering systems

Over a fifth of key businesses say they do not trust any element at all of automated anti-money laundering checks and...

06 November 2020

From: Breaking News

Top tips on how to ensure your AML procedures are up to scratch

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

Anti-Money Laundering: FCA criticised over lack of enforcement

The Financial Conduct Authority (FCA) has been criticised for its lack of enforcement of anti-money laundering (AML) legislation so far in...

18 September 2020

From: Breaking News

AML checks for estate agents who don’t have time for 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

Facial recognition aid launched to help compliance during virus

A PropTech firm has launched a new facial recognition feature to its existing digital anti-money-laundering platform. Due to the restrictions on travel...

06 May 2020

From: Breaking News

Agents told to act on key change in Anti-Money Laundering law

The government introduced the Fifth EU Money Laundering Directive into UK law just before Christmas - and it has a significant implication for...

30 December 2019

From: Breaking News

Countrywide fine 'shows agents not taking anti-money laundering seriously'

The huge £215,000 fine levied on Countrywide for failing to abide by anti-money laundering procedures is a demonstration that estate agents...

06 March 2019

From: Breaking News

AML compliance – why the smart money is on automation

Technology is transforming the way we comply with Anti Money Laundering (AML) regulation. It is providing a consistent approach, reliable outcomes...

05 September 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 checks can be conducted remotely via app

A new anti-money laundering app has been launched which allows agents to conduct checks remotely.  The app allows access from devices -...

21 June 2018

From: Breaking News

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