Compliance
52,000 UK properties ‘still owned anonymously’, despite new transparency law
Around half of registrable firms have failed to comply with UK's new rules around transparency, new analysis suggests.
Those who missed this week’s overseas entities deadline face ‘severe restrictions on their ability to buy and sell property’
Companies House is 'now assessing and preparing cases for enforcement action'.
Policy Watch: Three big resi reforms to watch this year
2023 will see some major - and long-awaited - changes to the legislative landscape. Two lawyers look ahead to some key reforms that are likely to affect the residential property sector...
FCS teams up with the NCA for Rightmove AML session
The number of Suspicious Activity Reports being filed with the National Crime Agency is on the up, says Malcolm Driscoll of FCS Compliance. 'Understanding when to file a SAR and the process itself is important.
European court rules public registers of beneficial owners are ‘invalid’
A judgement by Europe's top law court has thrown public registers of beneficial owners - such as the UK's current attempt to shine a light on opaque overseas property ownership structures - into doubt.
Book Now: The role of reliance in anti-money laundering
FCS Compliance will tackle the issue of reliance in the latest in its series of webinars with Rightmove.
Westminster launches ‘war on dirty money’
Officials are increasingly concerned about the 'explosion' in overseas investment into the PCL property market over the last decade.
AML platform Thirdfort secures more heavyweight backing
Credit intelligence company Pepper Advantage has followed the likes of Mischon de Reya, Savills and Knight Frank in backing risk management service Thirdfort.
‘Solicitors should exercise extreme caution’ over ROE, warns Law Society
Law Society flags "significant concerns as to the expectations which may be placed on solicitors to verify the accuracy of information put onto the Register of Overseas Entities."
The Register of Overseas Entities is now in play; here’s what property pros need to know
Designed to "root out corrupt elites using UK property to launder their illicit wealth," the Register of Overseas Entities has officially launched, requiring more transparency for UK property transactions…
Knight Frank, Savills & Chestertons back AML platform Thirdfort
A trio of major estate agencies have invested in anti-money-laundering platform Thirdfort.
FCS Compliance launches art division with Sotheby’s former Global Compliance Director
LonRes-owned anti-money laundering firm expands its operation.