Archive

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

Estate agents were fined a total of more than £3m in the nine months to September 2023 for failing to register...

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 across all sectors will be well aware of Know Your Customer (KYC) checks and their importance in combatting financial...

Financial crime within the property sector is on the rise and the stats are alarming. According to data from Apex Bridging,...

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

For most people, buying a house or flat is the largest financial commitment they will ever make. Which is why many...

Step right up and witness the extraordinary world of Estate Agents as they embrace the power of biometric checks, turning the...

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

SmartSearch, the UK’s leading provider of digital compliance, has published an agenda-setting whitepaper to highlight the anti-money laundering shortcomings and sanctions...

It has been another busy month for job moves in the estate agency sector. Here are some of the latest moves that...

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...

FCS Compliance has announced the latest in its anti-money laundering (AML) series of webinars with Rightmove.  The latest is titled The Role...

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

PayProp’s recent Rental Confidence Index survey polled property professionals about their biggest concerns for 2022. Unsurprisingly, new regulations were a top...

A legal expert has warned that everyone is theoretically at risk of committing a breach of sanctions against Russia - but...

I’ve worked in financial crime for the past seven years, beginning my career as a white collar crime litigator in a law firm. I know that the...

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

Regulators are warning the UK’s property, finance and legal sectors to be aware of the possible impacts of the exit from...

The founder and managing director of FCS Compliance, Jerry Walters, has died suddenly. A statement from the company says he died during...

An assessment by a risk solutions firm shows that estate agents are on average just 53 per cent of the way...

With property fraud on the rise and an ever-increasing number of transactions taking place in the lettings sector, having strict anti-money laundering...

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

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

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

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

The lightbulb moment for LonRes was born out of sheer frustration. I’d just missed out on a deal and the postman...

Estate agents and others in the property industry have much more to do to deter money laundering. That’s the view of a security...

Yesterday (January 10 2020), the Fifth Anti-Money Laundering Directive (5AMLD) became law. It forms part of ongoing international efforts to tackle...

The Fifth Money Laundering Directive becomes law in the UK on January 10 2020, strengthening the responsibilities placed on private companies...

London-focussed business-to-business deal data service LonRes has acquired an anti-money laundering compliance consultancy specialising in residential and commercial property. Financial Crime Services,...

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

The announcement that MPs will set up a Select Committee to probe the scale of money laundering in the UK property...

A 15-month research project says HMRC should do more to engage estate agents in recognising the importance of complying with anti-money...

The UK property sector has been a hotbed for financial crime in recent years, with many criminals seeing it as an...

The spread and sophistication of financial crime in the UK in recent years has been unprecedented.  Figures from UK Finance show that...

Purplebricks chief executive Michael Bruce is to speak alongside eMoov founder Russell Quirk in a debate to be held at the...