Archive

Estate agents working with international individuals can face a significant risk of encountering money laundering activities. The complex nature of cross-border...

HMRC and the Treasury have been urged to improve guidance on anti-money laundering (AML). Agency trade body Propertymark has suggested that while...

There’s been a significant rise in the number of so-called Suspicious Activity Reports concerning money laundering and the agency industry. Suspicious Activity...

Regulated firms, particularly estate agents, who take on new business clients are leaving themselves exposed to serious red flags by not...

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...

In this latest article from the team at Iceberg Digital, they discuss their series of ground-breaking innovations announced at their annual...

Consumer willingness to pay to speed up transaction timeframes is on the rise, research suggests. A survey by iamproperty has found 88%...

Client onboarding and verification tool LandmarkAgent has announce a strategic partnership with CRM provider Street.co.uk. The collaboration will enable agency users to...

Agents are being urged to increase their efforts when it comes to checking documents to avoid potential claims. Paul Offley, compliance officer...

CRMs can be superheroes for your business, but not all of them possess the necessary powers to save the day. As...

Sales progression service ASAP has launched a new anti-money laundering (AML) product to help agents comply with due diligence requirements and...

Agents are being warned that they risk financial and reputational costs by continuing to rely on manual methods of identity verification. It...

Agents using Reapit’s services can now access anti-money laundering (AML) platform Thirdfort. The provider has been added to Reapit’s AppMarket. It means Reapit...

A majority of Estate Agent Today readers have revealed they do not charge for anti-money laundering checks but around a quarter...

Purplebricks has begun charging buyers and sellers a £60 fee for anti-money laundering (AML) checks. An online message to potential buyers interested...

Agents are being urged to keep an eye on their HMRC Government Gateway Account to ensure they don’t miss messages and...

The number of anti-money laundering (AML) checks by agents declined in the third quarter but looks se to be up by...

The Government’s mini budget on September 23 was anything but ‘mini’ with several major announcements one of the most significant of...

If recent headlines are anything to go by, estate agents and the wider property industry are not just feeling the heavy...

Over the last five years, the Government has introduced a range of measures to regulate the property market, particularly in the...

Smoove has announced the full market rollout of its digital onboarding platform, Smoove Start. The conveyancing software provider’s latest tool provides a...

Agents are ‘wrongly’ relying on hard copies of identity documents to verify people’s identities in anti-money laundering (AML) checks, new research...

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

It’s taken Russia’s invasion of Ukraine for the UK to finally take a much-needed step in the right direction to stop...

Increasing numbers of women are being flagged during anti-money laundering (AML) compliance checks. AML platform Credas Technologies suggests the main reason for...

Fewer foreign buyers are purchasing property in the UK, anti-money laundering data suggests. The property market has been hampered in recent years...

A record number of anti-money laundering (AML) checks were carried out during the first quarter of 2022 across the UK property industry,...

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

More than 30 agents and property firms such as auction houses and valuers were reprimanded by HMRC for anti-money laundering breaches...

The estate agency sector is now paying almost £6m for anti-money laundering (AML) supervision. Businesses are legally required to register for AML...

The vast majority of property professionals would like to see HMRC act more proactively to deter money laundering, as almost a...

An industry expert has questioned the fairness of a “two-tier system” that has emerged between new builds and second-hand homes when...

The UK property industry has long been a target of fraudsters due to the low levels of transparency and the fact...

You’ve heard me bang on about the wonder of reservation agreements for some time now, but it’s definitely the case that...

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

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

The Pandora Papers - the biggest ever leak of offshore data - has revealed that the UK’s property market is being...

Agents are being advised to go above and beyond the legal requirements for anti-money laundering requirements.  Paul Offley, compliance officer for The...

My neighbour had been seeking to move home for some time. Suggestions that he wanted to get away from his neighbours...

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

In this week’s In Conversation Today, we have another industry big-hitter and one of the most high-profile female leaders in property...

As estate agencies are covered by Money Laundering Regulations, agents are legally obliged to take customer due diligence measures to limit...

Who are you and what does it say on your business card? Christopher Keen and Company Director  What is ‘company name’ and what...

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

As an estate agent, you should of course be performing robust Know Your Customer (KYC) checks as part of your Anti-Money...

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

In this week’s In Conversation Today, I speak with Anthony Payne, Managing Director and co-founder of LonRes, a data and network...

The coronavirus pandemic has somewhat eclipsed Brexit this year – which is no mean feat. Cast your mind back to pre-Covid...

A digital resource hub for estate agents launches a new product today, claiming to shorten transaction times.  Sort Move, which has been...

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

The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...

We all know that people can’t move to a new house without going through the Conveyancing process. However, with that said,...

The last few months have been tough for the property sector, and the pressure will continue as estate agents across the...

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

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

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

Does your company apply adequate customer due diligence measures when carrying out estate agency work?  Does it establish and maintain appropriate policies...

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

The Guild is offering member agents a service which will allow them to verify the legitimacy of their clients to conform...

Three weeks has flown by (I missed an early deadline last week - apologies) and I find myself writing the next...

A major industry supplier has reminded estate and letting agents that they have to check their responsibilities and systems ahead of...

With ever increasing obligations, estate agents know that compliance matters now more than ever.  However, being able to obtain access to the...

After all the recent Whitehall upheaval we can perhaps get back to business; and first item on the agenda seems to...

London transaction data company LonRes and law firm Eversheads are launching an agent-to-agent anti money laundering compliance service for LonRes subscribers.  The...

So spring has sprung and the Hare is on the loose. After a very long gestation period, the Veyo leveret has...