Archive

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

Propertymark has issued a reminder to agents about anti-money laundering (AML) compliance as HMRC declared fines of more than £1.6m for...

Homeowners are becoming more concerned about property fraud, research suggests. A freedom of information request has shown a 26% increase in the number...

Software platform Alto Marketplace says it now has no fewer than 16 integrations across 13 categories including anti-money laundering, buyer onboarding...

The wife of a jailed banker has agreed to forfeit a house in Knightsbridge worth approximately £14m and a golf club...

The Conveyancing Association (CA) - the leading trade body for the conveyancing industry – is to host a webinar for member...

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

An anti-money laundering (AML) expert has highlighted an overlooked part of this week’s King’s Speech that could boost the property market. While...

Estate agents submitted 30% more Suspicious Activity Reports (SARs) and Defence Against Money Laundering (DAML) SARs last year, research suggests. Analysis by...

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

More than one in seven (13%) buyers purchasing properties in the UK are using funds from overseas to fund all or...

Rightmove has revealed details of its latest anti-money laundering (AML) webinar. The next event, in partnership with FCS Compliance, is titled 10...

Estate agents and lettings agents have a legal obligation to protect themselves from money laundering and as such you must recognise...

For most of us, estate agents are key when it comes to the biggest sales and purchases of our lives. With the...

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

In this latest article from the team at Iceberg Digital, they discuss how the digital realm is transforming Estate Agency.   The...

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

Fraud poses a significant challenge for residential conveyancers, with criminals often attempting to exploit the transaction process for money laundering purposes. The...

An anti-money laundering (AML) expert has queried why there is a reluctance among estate agents to accept and follow AML responsibilities. It...

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

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

As you begin the process of property transactions in the UK, it's important to understand potential pitfalls that may result in...

Agents would be happy to pay for regulation but the sector should be wary of costs, a Propertymark executive has told...

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...

Just one estate agency has signed up to become a UK-regulated agent to verify overseas entities for property ownership. The Register of...

Digital compliance specialist SmartSearch can help estate agents comply quickly and efficiently Around one in five estate agents are not registered for...

Client compliance platform Thirdfort has launched its updated Secure share product to help estate agents boost referrals through the secure sharing...

A digital divide has emerged when it comes to moving home.  Research by anti-money laundering (AML) platform Thirdfort has found that 46%)...

Rightmove and FCS Compliance have launched the latest in their series of anti-money laundering (AML) webinars. The events are free for Rightmove...

Homeowners in the East Midlands, North East, North West and Scotland may be at higher risk of property fraud, research suggests. Anti-money...

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

Anti-money laundering platform (AML) Credas Technologies has launched a material information function, helping estate agents to get ahead of the latest...

SmartSearch looks at the importance of incorporating Source of Funds checks into KYC processes It is no secret that the UK property...

Estate agents spend almost half their working day chasing or being chased for issues as a new report highlights concerns about...

Estate agents are among falling numbers of regulated firms that aren’t checking sanctions and politically exposed persons (PEP) lists, research suggests. A...

Estate agents are being reminded of their anti-money laundering (AML) responsibilities. It comes after HMRC has seen a rise in new applications...

The conveyancing process has been highlighted as a key pain point among buyers in the property transaction process. Research by anti-money laundering...

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

Leading digital compliance firm SmartSearch has launched an innovative new solution to help professionals working within the UK property sector to...

As an Estate Agent it’s important to be able to interpret and understand the information that a Title Deed document presents...

Compliancy expert Legal Eye has launched a new product to help agents ensure they are properly following all rules and regulations. Its...

OnTheMarket Software has announced an integration with digital ID and source of funds provider Thirdfort. The digital ID, anti-money laundering and source...

As money laundering compliance marks its twentieth year, more and more estate agents are being fined for breaches of HMRC’s ID...

UK homebuyers have expressed support for more digital tools to reduce the administrative burden of purchasing a property yet few have...

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

Over 20,000 UK agency branches have now registered with HMRC for anti-money laundering supervision. A new analysis from risk management platform Thirdfort...

The Council for Licensed Conveyancers (CLC) has warned it is receiving “too many complaints” about breaches of undertakings by solicitors. The regulator...

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...

Propertymark has given its backing to simplifying how firms are regulated under anti-money laundering (AML) rules. The Treasury is currently consulting on...

Sales management hub mio has launched a new video series featuring compliance consultant and industry trainer Michael Day from Integra Property...

The average anti-money laundering (AML) fine issued to estate agents for non-compliance so far during 2022/23 has already crept beyond the...

Tackling economic crime is part of the day job for estate agents. But how can the latest digital ID tools help...

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

Propertymark is working with an Anti-Money Laundering service to stage a webinar for agents wanting to know more about compliance. At the...

Increasing numbers of homeowners are signing up to a property alert scheme to protect against fraudulent property transactions. New figures obtained from...

Anti-money laundering (AML) specialist FCS Compliance has unveiled the latest in its series of collaborative webinars with Rightmove. The next session on...

The Able Agent, has launched a new sales progression course and qualification, designed to raise industry standards and put a spotlight...

Increasing numbers of estate agents are submitting suspicious activity reports (SARS) but questions are being raised about whether there should be...

HMRC data showing more than £1m of anti-money laundering (AML) fines to estate and lettings agents should be a “wake-up call”...

Agency-backed anti-money laundering platform Thirdfort is celebrating reaching 1m downloads of its app. Thirdfort, backed by Knight Frank, Chestertons and Savills’ proptech...

Property fraud is a significant risk for agents, particularly as fake IDs become increasingly prevalent, and the economic climate remains challenging....

Conveyancing software provider Smoove’s flagship agency product has been “paused.” Smoove Start was launched last year, providing a platform for agents to...

Recent research estimated that up to £100 billion is being stolen in the UK each year, with much of it due...

A new product to help agents meet their anti-money laundering (AML) responsibilities has launched. Lifetime Legal has unveiled Smart Compliance, which advises...

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

The majority of estate agents are in the dark about the Government’s Economic Crime Levy (ECL), when it was implemented or...

The dreaded ‘C word’ – compliance – has been facing Estate Agents for years now and it’s not going anywhere. Looking ahead...

New data shows that a large majority of compliance professionals are worried about the crypto-currency related money laundering. The survey, which gathered...

Agents of all sizes are being urged to make themselves aware of a new anti-money laundering (AML) charge that has come...

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

Agents are being urged to ensure they are up to speed with anti-money laundering (AML) requirements as the market enters its...

New analysis may called into question the experience of firms approved to check the Government’s flagship register of overseas entities (ROE). The...

Zoopla has become the latest accredited supplier of the New Homes Quality Board (NHQB) for its software that supports housebuilders. It come...

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...

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

Property professionals have given their backing to the idea of a universal digital identity for buyers and sellers to speed up...

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

Two of the biggest challenges facing the property industry right now are fraud and money laundering. The scale of these activities is...

AML experts SmartSearch warn estate agents that, with so many firms still hiding behind ‘opaque corporate structures,’ proper due diligence has...

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

Thousands of foreign companies with property in the UK have failed to declare their true owners. It comes as new anti-money laundering (AML)...

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

The average anti-money laundering (AML) fine issued to the estate agency sector for non-compliance has started to climb, reversing the previous...

Buyers should be mindful about the rise of so called ‘Insta-agents,’ a property body has warned. The National Association of Property Buyers...

FCS Compliance and the National Crime Agency (NCA) have joined forces to present the first Rightmove anti-money laundering (AML) webinar of...

Housebuilder Persimmon has signed a multi-year software contract with Zoopla. It follows the launch of Zoopla for Housebuilders in July, a new...

Sanctions against Russian oligarchs are working but agents and property professionals are being warned against getting complacent when checking international buyer...

HMRC fined 24 estate agency and property businesses for anti-money laundering (AML) breaches between April and June 2022, new figures show. The...

Propertymark has launched a new compliance service for its member agents. The offering, called Calm about Compliance, will see experienced auditors advise,...

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

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

Northern Ireland has been named as a potential hotspot for money laundering. New data from anti-money laundering software provider SmartSearch has identified...

OnTheMarket Group has launched its own proprietary customer relationship management (CRM) platform for estate agents following a successful trial period.   TecCRM, which...

HMRC has fined estate agents over £500,000 for anti-money laundering (AML) breaches in the past two months. Yet despite property managers...

Most agents are falling foul of anti-money laundering (AML) rules by accident but the sector could face more compliance-related fines by...

Anti-money laundering platform Credas has integrated open banking technology as part of its agent-facing proposition.  Open banking lets consumers securely share their...

With the ever-persistent compliance hurdles materialising within the property market, Nathan Emerson, CEO of Propertymark, speaks about how the use of...

Dozens of estate agents have been fined a combined total of £519,645 for failing to meet their obligations under anti-money laundering...

A former estate agent has launched a white-labelled sales progression tool for the industry after his own experiences of purchasing a...