A drill down into MLR 2017 Let’s face it, as Estate Agents, the industry deals […]
Read moreAML regulations for letting agents – what do you need to know? Criminals launder “dirty” […]
Read moreWhat is the Estate Agents Act 1979? The Estate Agents Act 1979 governs the work […]
Read moreWould your anti-money laundering practices pass scrutiny by HMRC? Under the Estate Agency Act 1979, […]
Read moreAfter months of uncertainty, estate agents are increasingly busy as home movers scramble to take advantage of the stamp duty holiday. However HMRC are not taking a break from scrutinising agents over their level of compliance with anti-money laundering (AML regulations). Last month HMRC issued a fine of £266,793 to online estate agency business Purplebricks following findings that the company had breached the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
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