The National Association of Estate Agents is rolling out a series of masterclasses to prepare members for the European Fourth Anti-Money Laundering Directive - and it wants some agents to trial a new app to help fight against money laundering.
One of the key points in the directive is the extension of the customer due diligence process to both the seller and buyer, and NAEA Propertymark says the masterclasses - to be held over the next six months - will focus on this.
Additionally, in partnership with the US-based Technology Company - part owned by the US National Association of Realtors - the NAEA is developing an app which, it says, “leverages artificial intelligence with biometrics to provide intelligent identity authentication and risk analysis with multi-layer compliance monitoring and reporting tools.”
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