Archive

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

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

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

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

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

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

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

As another round of property firms is fined, named and shamed for breaching anti-money laundering rules, it feels like the road...

A ‘frightening’ number of respondents to a Rightmove online poll appear to be unaware of their anti-money laundering reporting requirements. The portal...

The Mayor of London is demanding ministers take sanctioning Russian oligarchs seriously by moving immediately to seize assets that can then...

If the UK and its allies have been played by Russia over the Ukraine ‘invasion’, and it’s beginning to look that...

Increasingly rigorous Money Laundering Directives have made regulations in the property industry more stringent than ever, and Estate Agents have a...

A new property board game called Gazumped aims to rival Monopoly but reflect a much more realistic view of how the house...

Being a letting agent today means keeping up to date with the long list of rules and regulations governing how a...

A cyber-attack on a London council has caused some transactions to fall through and others to be significantly delayed. The attack occurred...

A businessman with links to serious criminals has lost his vast investment property empire worth nearly £10m after a National Crime...

National Crime Agency officers working as part of a Paramilitary Crime Task Force have searched a home in Belfast and have...

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...

Properties worth a combined £8.1m have been surrendered to the National Crime Agency following a tax probe. The properties included 16 homes...

A Northern Irish woman with suspected links to serious organised crime has been ordered to explain how she financed the purchase...

Three ultra-high-value London properties cannot be sold while a money laundering investigation continues. The houses have not been identified but were most...

The UK property market can be seen by criminals as an effective vehicle to conceal the proceeds of economic crime. Criminally...

Estate agent anti-money laundering (AML) compliance is under scrutiny again following the publication of figures detailing the fines levied for AML...

The government’s anti-money laundering campaign Flag It Up has published an A to Z which it claims will help agents understand...

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

The government has moved to crack down on money laundering in the UK with a new campaign focusing on the accountancy,...

The National Association of Estate Agents has met with other members of a high-level government board to look at ways of...

It’s time to sort the wheat from the chaff when it comes to overseas buyers of property. If you listen to Theresa...

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

A PropTech company boss says evidence given to MPs confirms the need to improve anti-money laundering processes through greater automation and...

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

Almost a third of all ‘Suspicious Activity Reports’ concerning possible anti-money laundering infringements and reported to the National Crime Agency have...

The Home Office has announced a new division to tackle fraud issues, including money laundering. A new national economic crime centre within...

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

One one in every 300 property purchases by overseas buyers trigger a so-called ‘red flag’ with the National Crime Agency -...

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

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

The National Association of Estate Agents admits that “take up has been low” in its bid to persuade each member agent to...

A legal expert suggests central London’s house prices may have been skewed because of money-laundering - “and we all know it.” Jonathan...

The head of research at lettings portal Lettingweb.com says the National Crime Agency’s claims about hundreds of billions of pounds of...

Estate agents have been warned by the National Crime Agency that they must not hesitate to inform the authorities if they...

The National Association of Estate Agents says the agents named in Channel 4‘s From Russia With Cash documentary may have tarnished...