Money laundering fines rocket as HMRC gets tough on dodgy dealings
Volume of fines handed down to UK companies - including estate agencies - nearly doubled in 2017-18
HMRC hasn’t investigated many estate agents over money laundering
'Everybody’s talking about money laundering but it seems like nobody’s doing anything about it' says law firm Fieldfisher after finding out exactly how many investigations have been carried out in…
By PrimeResi
Opinions sought on new money-laundering rules for high-end letting agents
The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.
By PrimeResi
Select Committee flags five money laundering loopholes
160 properties worth over £4bn have been 'identified as being purchased by high corruption-risk individuals', reports the Joint Committee on the Draft Registration of Overseas Entities Bill
By PrimeResi
Most read
Well-known RBKC specialist returns to Savills
Dan Martin made the move to luxury brokerage UK Sotheby's International Realty in 2023.
£38m Belgravia mansion sold in London’s first super-prime deal of 2025
Five super-wealthy buyers were fighting it out for the 9,000 sq ft Grade II listed townhouse on Wilton Crescent over the festive period.
Harrods Estates names new Knightsbridge sales manager
Well-known dealmaker steps up at PCL agency's flagship branch.
International buyer swoops on £26.25mn Mayfair mega-lateral
Fairway Capital sells 'palatial' residence in former Rolls Royce HQ on Old Park Lane; reports £120mn 'wave' of deals to buyers from the UK, Middle East & Asia.
St John’s Wood super-home project goes for £2mn above guide
Multiple bids went in for the 'best-in-class' 10,000 sq ft new-build scheme, which was being offered with a top-tier design team already in place.
Savills PCL teams toast £100mn festive deal flurry
Prime Central London agency & resi development divisions report 'one of their strongest ends to a year' after HNW buyers splash out on mansions & penthouses.
London’s super-prime property market slumps to five-year low
£15mn-plus deals dropped off by a quarter in 2024, reports Beauchamp Estates, as tax hikes, non-dom changes & political uncertainty spooked billionaire buyers.
Harding Green signs former UK Sotheby’s International Realty MD
Guy Bradshaw will focus on Cheshire’s high-value property market as part of the 'freelance' brokerage's expanding network.
Luxury brokerage sets up new Private Client Service
New end-to-end offering from United Kingdom Sotheby’s International Realty will connect ultra-prime property markets including the UK, UAE & Saudi Arabia.
New head of sales at Knight Frank Richmond
Top-billing agent Edward Adler takes the reins at firm's longstanding base in SW London.
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