Just one estate agency has signed up to become a UK-regulated agent to verify overseas entities for property ownership. The Register of...
Archive
27 February 2024
From: Breaking News
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
New analysis may called into question the experience of firms approved to check the Government’s flagship register of overseas entities (ROE). The...
23 March 2023
From: Breaking News
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
Thousands of foreign companies with property in the UK have failed to declare their true owners. It comes as new anti-money laundering (AML)...
02 February 2023
From: Breaking News
HMRC has fined estate agents over £500,000 for anti-money laundering (AML) breaches in the past two months. Yet despite property managers...
26 November 2022
From: Features
Over the last five years, the Government has introduced a range of measures to regulate the property market, particularly in the...
12 October 2022
From: Features
It’s taken Russia’s invasion of Ukraine for the UK to finally take a much-needed step in the right direction to stop...
13 August 2022
From: Features
Savills has released a revised five-year forecast for the UK’s prime housing markets, to reflect the strong levels of activity in...
05 August 2022
From: Breaking News
A compliance expert has warned that even though most agents will have robust anti-money laundering (AML) checks and processes in place,...
04 August 2022
From: Breaking News
Agents are being given the chance to learn how to improve their anti-money laundering (AML) processes from a veteran police investigator. Rightmove...
13 July 2022
From: Breaking News
It is claimed by Propertymark that the government’s Economic Crime Bill - to be debated in the House of Commons today -...
01 March 2022
From: Breaking News
London mayor Sadiq Khan says he supports the seizure of property assets connected to the allies of Russian President Vladimir Putin. The...
28 February 2022
From: Breaking News
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
The Mayor of London, Sadiq Khan, wants the government to put a stop to the capital being used for international money...
07 February 2022
From: Breaking News
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
Propertymark has spoken out over the Pandora Papers leak scandal, which reveals many elite and super-rich buyers of properties in London...
05 October 2021
From: Breaking News
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
The coronavirus pandemic has somewhat eclipsed Brexit this year – which is no mean feat. Cast your mind back to pre-Covid...
12 December 2020
From: Features
NAEA Propertymark is calling on agents to show “greater diligence” when dealing with Russian buyers, in the light of the report...
23 July 2020
From: Breaking News
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
The government has published its response to an MPs’ committee’s comments on overseas buyers of properties in the UK - and...
19 July 2019
From: Breaking News
HM Revenue & Customs has issued more details of its bid to encourage estate agents to combat money laundering in the...
05 March 2019
From: Breaking News
The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...
25 February 2019
From: Sponsored Content
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
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
A London estate agent who works closely with High Net Worth overseas buyers has hit out a proposed law which he...
18 September 2018
From: Breaking News
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
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
09 July 2018
From: Sponsored Content
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
02 July 2018
From: Sponsored Content
The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...
25 June 2018
From: Sponsored Content
A technology company says that despite government attempts to eradicate money laundering in property transactions, agents and other industry professionals have been left...
06 April 2018
From: Breaking News
London Mayor Sadiq Khan is stepping up the pressure on government to speed up the delivery of a new public register...
01 March 2018
From: Breaking News
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
A new EU crackdown on money laundering requires estate agency businesses to adopt a collaborative approach if they are to avoid...
11 November 2017
From: Features
The National Association of Estate Agents has thrown its weight behind a government move to create a register of overseas companies...
07 April 2017
From: Breaking News
The National Association of Estate Agents says it welcomes the government’s commitment to establish a public register of beneficial ownership information...
16 May 2016
From: Breaking News
Conducting Customer Due Diligence on clients and beneficial owners is a requirement for all estate agents. The articles in this series...
06 May 2016
From: Features
Straightforward money laundering customer due diligence (CDD) is a worry for agents, but then also having to identify beneficial owners and...
23 April 2016
From: Features
There is a substantial amount of misunderstanding over this question, which needs clarifying. In general terms, the Money Laundering Regulations require...
01 April 2016
From: Features
The National Association of Estate Agents is awaiting a response from the government to its demand for four changes to sale...
11 November 2015
From: Breaking News
The National Association of Estate Agents has teamed up with a campaigning anti-corruption body to call for four major changes to...