Compliance
Required Reading: New sanctions rules for high-value property & art dealers, explained
Propertymark has compiled a guide to new reporting requirements that come into force next month.
Letting agents urged to get ahead of new sanctions rules
Failure to comply could lead to big fines or even criminal prosecution.
Bangladeshi corruption investigations raise alarm over London property market
'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.
FCS Compliance launches free AML reminder service
'AML Protect' aims to help businesses avoid one of the biggest drivers of HMRC AML fines
London letting agent shines a light on the ‘uphill struggle’ against rental fraud
'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.
Knight Frank rolls out Home Owner’s Passports to ‘transform the way properties are sold’
A tech-led compliance partnership represents 'a leap forward in the use of upfront information in property transactions', says Teal Legal.
30% jump in Suspicious Activity reported by estate agents
'While SARs submissions from estate agents have grown, so have the risks posed by fraud and money laundering, warns Thirdfort.'
Leading AML provider secures ‘major investment’ from private equity backer
Triple Private Equity has taken a majority stake in Smartsearch.
Register of Overseas Entities reaches ‘significant milestone’ with over 30,000 registrations
Government chalks up a win as Companies House says its focus remains on 'rigorously enforcing compliance.'
Government sets out plan to ‘lift the veil of secrecy’ around property trusts
Proposals are the latest attempt to thwart corruption in the property sector.
Free AML Webinar: How art market participants can avoid classic Customer Due Diligence pitfalls
Customer Due Diligence is high on HMRC’s radar right now, says FCS Compliance, and Art Market Participants - including some interior designers - are in the firing line.
Book Now: Free AML compliance guidance for art market professionals
FCS Compliance presents: "HMRC Interventions & Avoiding Penalties - Practical guidance for the art market on ensuring AML compliance"