Compliance
Quarter of agents yet to register for money laundering supervision
HMRC is ‘hot on the heels’ of those agents falling foul of their obligations, warns tech firm
FCS & Rightmove team up to tackle money laundering
The first of 2021's free webinars will cover the role of the money laundering reporting officer
Top law firm hit with huge fine over ‘serious’ AML failings
Mishcon de Reya has been ordered to pay a £232,500 penalty by the Solicitors Regulation Authority for breaches committed between 2015 and 2017
Most estate agents think the industry will be fully paperless by 2025
56% of estate agencies agree that the last year has been "difficult" for company finances, and 61% flagged staffing issues.
Tech firm launches ‘ultra-secure’ compliance platform for estate agents
Backed by Mishcon de Reya and Alex Chesterman, Thirdfort's latest proptech product promises "bullet-proof AML for estate agents".
HMRC hits agencies with hefty fines for AML breaches
Reminder to stay on top of admin as buying agency and two estate agencies are penalised for non-compliance.
Vatican reveals scale of global property portfolio
Details on holdings published in unprecedented transparency drive as landmark case involving a PCL investment deal heads to trial; preparations for London property sell-off ‘underway’
Buying property with crypto assets: Can it ever be justified?
Crypto assets are here to stay, write Jonathan Grimes & Daniel Browne, and lawyers have to find a way to deal appropriately with those who approach them wishing to turn them into bricks and mortar……
AML warning for letting agents as HMRC deadline looms
‘The ramifications of not being prepared or compliant are serious and could result in an onerous fine or even worse the long-term reputational damage of a business,’ says AML specialist.
Rightmove agents offered free AML training on dealing with corporate entities
Latest FCS Compliance course will help property pros understand their legal obligations and identify ultimate beneficial owners.
UK real estate & the Register of Foreign Owners: New registration requirements, explained
As a transparency measure, the Government is set to introduce a Register of People with Significant Control over Overseas Companies owning UK real estate.
Property and the evolving crypto dilemma
Blockchain and smart currency are still in their infancy in the property universe, writes Chris Dietz - and huge question marks remain over the implications of a wider rollout...