Compliance

Caroline Walters explains how to get up to speed before next month's important AML changes come into force.

The Financial Times reports that only 14 non-compliance penalties have been collected so far, bringing in a mere £700k.

FCS Compliance will share important insights for agents ahead of new compliance obligations.

Propertymark has compiled a guide to new reporting requirements that come into force next month.

Failure to comply could lead to big fines or even criminal prosecution.

'This is a test for the UK government to demonstrate it can fulfil its ambition of being the anti-corruption capital of the world,' says Transparency International.

'AML Protect' aims to help businesses avoid one of the biggest drivers of HMRC AML fines

'Whilst digital and AI technology has evolved rapidly, rogue tenants have also evolved with it, becoming increasingly more inventive in how they trick the system,' warns Benham and Reeves.

A tech-led compliance partnership represents 'a leap forward in the use of upfront information in property transactions', says Teal Legal.

'While SARs submissions from estate agents have grown, so have the risks posed by fraud and money laundering, warns Thirdfort.'

Triple Private Equity has taken a majority stake in Smartsearch.

Government chalks up a win as Companies House says its focus remains on 'rigorously enforcing compliance.'