Opinions sought on new money-laundering rules for high-end letting agents

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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. A Government consultation has been launched to assess what impact this might have on the industry

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Reminder: Letting agents have until 1st April to sign up to a government-approved CMP scheme - or face fines of up to £30,000.
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“The new code of practice will look to set standards at a higher level than currently legally set," says steering committee leader Baroness Hayter.
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Right to Rent "does not merely provide the occasion or opportunity for private landlords to discriminate," said the High Court Judge, "but causes them to do so where otherwise they would not."