Compliance
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...
FCS & HomeLet partner on AML services
LonRes-owned anti-money laundering specialist has extended its partnership with Barbon Insurance Group.
Wimbledon agency fined for AML breaches
A boutique estate agency in Wimbledon has reportedly been fined over £6,500 for various breaches of AML processes.
Half of top-end estate agents are flouting AML rules – official report
50% of estate agencies advertising properties for sale at £5 million are either not registered for anti money laundering supervision with HMRC, or have failed to pay their annual fee, according to a new …
Foreign Office warns of ‘Magnitsky-style sanctions’ on Chinese individuals
Sanctions against individuals following China's antics in Hong Kong could involve high-value property assets in the UK.
Rightmove to host AML webinar as remote working heightens dangers
'Despite the pandemic, money laundering hasn’t gone away, in fact quite the opposite', says FCS' Jerry Walters...
Why your client checks need to be more thorough than ever
Following the NCA’s latest victory involving the use of so-called McMafia orders, criminal litigation specialist Ed Smyth warns on the potential implications for prime real estate advisers...
New money laundering guidance for estate agents
HMRC has published a new set of risk indicators, with advice for property professionals on how to spot and tackle money laundering.