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KEYWORD "Money Laundering" - 100 RESULTS
HMRC fines agents £1.6m for anti-money laundering breaches

It’s been revealed by Propertymark that HM Revenue & Customs has fined agents over £1.6m for branches of anti-money laundering regulations. The...

20 August 2024

From: Breaking News

Big HMRC fines for agents prompt Anti-Money Laundering guidance

Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering policies are up...

23 April 2024

From: Breaking News

Banks Closing Pooled Client Accounts - agents urge government action

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

13 March 2024

From: Breaking News

New Banking Scandal as thousands of agency accounts are closed

A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...

11 March 2024

From: Breaking News

Companies House clampdown on dodgy agents’ data and information

Companies House has new powers from this week to combat fraud. These are measures under the Economic Crime and Corporate Transparency Act...

05 March 2024

From: Breaking News

HMRC reminds agents to update email and instant messaging contacts

Email and instant messaging contact details must be kept up to date for HMRC to contact agents about Anti-Money Laundering supervision. Propertymark...

28 February 2024

From: Breaking News

Regulating agents will make property ownership more transparent - claim

Propertymark says the regulation of property agents and the creation of a statutory Code of Practice can improve the transparency of...

14 February 2024

From: Breaking News

Lettings agency was front for multi million pound drugs gang

An organised crime group involved in producing and distributing an estimated £2.4m of cannabis has been found to have e used...

10 January 2024

From: Breaking News

Client money accounting made easy with PayProp

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

26 October 2023

From: Sponsored Content

Government may change rules governing Pooled Client Accounts

A government minister has pledged to act on the threat to lettings agents posed by banks acting against pooled client accounts. Many...

20 October 2023

From: Breaking News

Pooled Client Accounts - Government admits problem with banks

It looks as if the government is accepting that there is a problem with how banks treat Pooled Client Accounts -...

09 October 2023

From: Breaking News

“Heavy Handed Banks” slammed for pooled client account crisis

Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...

28 September 2023

From: Breaking News

Warning: Document review process essential for agency compliance

It’s vital for agents to have a process in place to check documentation received at their office, to avoid potential claims.  This...

06 September 2023

From: Breaking News

Thousands of agencies yet to register with HMRC

More than 20,000 UK estate agency branches have registered with HMRC for money laundering supervision – but thousands have yet to...

14 August 2023

From: Breaking News

Zoopla gives Alto agents a new Marketplace product

Alto, Zoopla’s cloud-based software product, has announced a marketplace product allowing agents to self-serve and activate Proptech partner integrations within the...

09 August 2023

From: Breaking News

Client Account Closures - Chancellor urged to stop banking madness

The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...

08 August 2023

From: Breaking News

Treasury ponders different anti-money laundering systems

HM Treasury has published a consultation on reform of the anti-money laundering supervisory system, giving four options. Currently the supervisory system is...

27 July 2023

From: Breaking News

Fines for agents rise rise steeply as AML clampdown kicks in

The average Anti-Money Laundering fine issued to estate agents for non-compliance in 2022-23 is almost half as large again as in...

19 July 2023

From: Breaking News

Propertymark’s plan to curb economic crime in our industry

Propertymark has put forward a six-point plan to slash economic crime in the property sector. The trade body says a series of...

17 July 2023

From: Breaking News

HMRC ready to pounce on agents, claims ex-police AML expert

Anti-money laundering consultancy FCS Compliance has announced its latest Webinar for agents using Rightmove. And with it comes a warning that the...

29 June 2023

From: Breaking News

PropTech may help agents overcome client account crisis - claim

The Guild of Property Professionals says PropTech may be the answer to the ongoing problem with client accounts. Since 2019 many banks...

28 April 2023

From: Breaking News

Compliance expert slams unnamed non-compliant agents

A compliance expert is criticising unnamed agencies for risking fines “and wasting time and money” by relying on inadequate compliance reporting...

26 April 2023

From: Breaking News

Agencies risk Reputational Damage - new warning to industry

Lettings agencies which rely on manual means of verification are risking repetitional damage caused by anti-money laundering regulations, a digital compliance...

11 April 2023

From: Breaking News

Agents in the frame as fraud compliance measures beefed up

Corrupt elites and criminal gangs who abuse the property and financial sectors will be identified and stripped of their cash, the...

05 April 2023

From: Breaking News

Scare Tactic or Sound Advice? Compliance warning to agents

A company in the identity verification sector is warning that anti-money laundering checks are set to reach a new intensity in...

24 March 2023

From: Breaking News

Are Trading Standards officers checking your agency’s website?

Trading Standards officers check for agents’ compliance by scrutinising their websites, it’s being claimed. Agents are being warned to ensure their websites...

20 February 2023

From: Breaking News

HMRC hits agents with larger non-compliance fines

Fines issued to agents for anti-money laundering non-compliance are getting bigger, reversing a downward trend seen throughout the pandemic, according to...

18 January 2023

From: Breaking News

Agent Alert - National Crime Agency at upcoming Rightmove webinar 

The National Crime Agency has the starring role at the first Rightmove Anti-Money Laundering webinar of the year, to be held next...

17 January 2023

From: Breaking News

Pooled Client Accounts - banks accused of making mistakes

Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents.  The trade body...

12 January 2023

From: Breaking News

Auditors to visit branches in person to assess agency compliance

Propertymark auditors are offering in-person visits to branches to improve their compliance.  The trade body says this is in response to demand from...

20 December 2022

From: Breaking News

PropTech breakthrough for OnTheMarket launching agent-owned CRM

OnTheMarket is launching its own proprietary customer relationship management platform for estate agents - and it’s billed as the first ever...

28 November 2022

From: Breaking News

Compliance chief tells off the agency industry

Property professionals need to be more vigilant when it comes to their anti-money laundering processes. That’s the view of the manager of an...

17 November 2022

From: Breaking News

Fines for agents soar but Anti Money Laundering set to improve

The average Anti-Money Laundering fine handed to agents has soared by two thirds. An analysis of five industries - Accountancy, Estate/Lettings Agency,...

09 November 2022

From: Breaking News

Compliance cases open on agents who fail money laundering rules

Propertymark says it’s opened compliance cases against five member agencies following the latest HMRC publication of businesses who have failed to...

12 October 2022

From: Breaking News

Big rise in cash fines for agencies flouting AML regulations

There’s good news and bad news for letting agents on the anti-money laundering front. The good news is that the overall number...

23 September 2022

From: Breaking News

Compliance negligence could cost agents, warns Propertymark

Propertymark is urging lettings agents to familiarise themselves with recent updated guidance to avoid falling into non-compliance. The trade body says updated...

15 September 2022

From: Breaking News

Big rise in agencies suspecting financial crimes - claim

A company claims that some 18 per cent of property firms have seen a rise in criminals attempting to launder money...

18 July 2022

From: Breaking News

HMRC - webinar for agents led by veteran expert

Rightmove hosts its latest anti-money laundering webinar next week. The hour-long session at 10am on Tuesday July 19 - a week today...

12 July 2022

From: Breaking News

Referencing to suit your needs, from FCC Paragon

Since the Tenant Fees Act ban came into force, agents have been responsible for covering tenancy referencing costs, whether that’s by...

22 June 2022

From: Sponsored Content

PropTech required to slash risk of fraud, letting agents told

Letting agents have been told they must have the right technology to reduce the risk of fraud. Olly Thornton-Berry, co-founder of risk...

09 June 2022

From: Breaking News

Shock figures on banks’ client accounts services to agencies

Shocking figures have emerged regarding the long-running problems caused by banks demanding that agencies have a designated client account for each...

06 May 2022

From: Breaking News

Supplier claims to conquer banks’ designated accounts problem

A PropTech supplier says it’s created a solution to letting agents and landlords who must remain compliant and who want to...

28 April 2022

From: Breaking News

Agencies targeted by crime syndicates, claims trade body

The UK lettings and estate agency is being targeted by crime syndicates in order to launder dirty money. That’s the claim of...

27 April 2022

From: Breaking News

HMRC should be tougher on letting agency checks - survey

A technology platform claims that as many as a third of lettings agencies that should be compliant with anti-money laundering regulations...

25 April 2022

From: Breaking News

PropTech pledge to agents - this platform is the alternative to a bank

LettsPay, an automated service aiming to simplify the reconciling of tenant rental payments, has won investment from the nurtur.group - the...

21 April 2022

From: Breaking News

Government stepping up compliance checks say companies

An anti-money laundering service has linked with a lettings software specialist. The alliance between FCS Compliance and  Rent4sure will provide Rent4sure clients...

09 March 2022

From: Breaking News

OnTheMarket extends free tenant referencing for some agents

OnTheMarket’s deal with a PropTech firm to provide free tenant referencing has been extended indefinitely for agents who pay the portal...

04 March 2022

From: Breaking News

OnTheMarket reveals it’s put £350,000 into lettings PropTech firm

A commercial partnership between tenant referencing platform Canopy and property website OnTheMarket has involved an investment of some £350,000. The figure has...

01 March 2022

From: Breaking News

Property Fraud - Agents have key role to deter crime

An hour-long webinar this week aims to inform agents how to deter property fraud by greater emphasis on compliance, due diligence...

24 January 2022

From: Breaking News

HMRC conducting short-notice visits to agents says compliance chief

HM Revenue & Customs officers are paying short-notice visits on letting and estate agents to check on their anti-money laundering compliance,...

19 January 2022

From: Breaking News

Not glib! Anti-Money Laundering experts emphasise importance

Specialist anti-money laundering service FCS Compliance is beginning its latest series of AML webinars designed for Rightmove members.  What you need to...

14 January 2022

From: Breaking News

PropTech pledge: Agents can onboard a landlord in under 10 minutes

A PropTech firm is pledging its new service allows agents to complete identity checks, upload the necessary documentation to let their...

13 January 2022

From: Breaking News

Property Fraud - how agents can combat a growing threat

Property fraud is on the rise and early in 2022 agents will have an opportunity to attend a webinar featuring a...

10 December 2021

From: Breaking News

Zoopla rolls out new enhancements to software service for agents

Alto, the Zoopla-owned cloud-based software for agents, has unveiled what it calls “its next generation of functionality.” New features include an enhanced...

24 November 2021

From: Breaking News

Webinar follows big rise in agents contacted by HMRC over AML

FCS Compliance has announced its latest anti-money laundering webinar tailored exclusively for Rightmove members.   Are you ready for an HMRC inspection is...

12 November 2021

From: Breaking News

Why is tenancy fraud on the rise?

More and more people are committing tenancy fraud and it’s having a massive impact on the industryAs a lettings agency, you...

07 October 2021

From: Proptech & Innovation

Lettings agencies amongst those fined by HMRC for breaches

Two lettings agencies are amongst three property agents which have been fined by HM Revenue & Customs for breaching anti-money laundering...

18 August 2021

From: Breaking News

Free up time by automating Right To Rent checks, agents urged

There’s a call for agents to free up valuable time by ensuring Right To Rent checks are automated rather than performed...

23 July 2021

From: Breaking News

Agents invited to free compliance webinar tomorrow

Anti-money laundering specialist FCS Compliance is to lead a free-to- attend Q&A webinar for Rightmove agents tomorrow.   Let’s Discuss Money Laundering is...

14 June 2021

From: Breaking News

HMRC deadline for letting agents in just two weeks’ time - warning

There are just two weeks left for letting agents to register with HM Revenue & Customs if they want to be...

27 May 2021

From: Breaking News

Agents warned over HMRC probes if they use old-fashioned ID checks

An anti-money laundering PropTech consultancy claims agents are in serious danger of non-compliance with new regulations, unless they ditch paper documents and...

25 May 2021

From: Breaking News

OnTheMarket to provide agents with free tenancy referencing

OnTheMarket has signed a 12 month exclusive commercial partnership with Canopy, the tenant referencing platform. The partnership will enable the portal to...

24 May 2021

From: Breaking News

Agents’ Alert - just four weeks to meet HMRC deadline

A compliance specialist is reminding the industry that the deadline by which letting agents must register with HMRC if they are...

17 May 2021

From: Breaking News

Letting agents advised to ‘up their game’ on landlord ID checks

Many letting agents fail to conduct the obligatory identity checks on landlord clients according to an industry supplier. Blinc UK says that...

11 May 2021

From: Breaking News

Five things agents dislike about tenant referencing

Tenant referencing. It’s a necessary evil.  Although most tenants are responsible and pay their rent on time, broke swindlers with dubious...

04 March 2021

From: Sponsored Content

Tenant referencing service links with anti-money laundering consultancy

A tenant referencing service and lettings insurance provider is linking with an anti-money laundering compliance consultancy. HomeLet and Let Alliance, part of...

15 February 2021

From: Breaking News

Too early to tell if letting agents abide by anti-money laundering - report

A new report from the government says it’s too early to tell whether lettings agencies are abiding by new anti-money laundering...

18 December 2020

From: Breaking News

Agencies should review banking and payments - PropTech chief

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

20 November 2020

From: Breaking News

Agents invited to upcoming anti-money laundering webinar

Rightmove is to host an anti-money laundering webinar next week, aimed at lettings and sales agents. The event, which is entitled Five...

13 November 2020

From: Breaking News

Top tips on how to ensure your AML procedures are up to scratch

The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...

29 October 2020

From: Legislation & Compliance

Stand by for referral fee restrictions, letting agents warned

Agents are being warned to prepare now for likely controls on referral fees, following recommendations made to the government by the...

27 October 2020

From: Breaking News

Police bust major £400,000 drugs racket run by rogue landlord

West Midlands Police have revealed that a major drugs racket being run by a rogue landlord from his properties in Coventry...

16 September 2020

From: Breaking News

Banks Red Tape: Breakthrough for agents on Pooled Client Accounts

ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...

10 September 2020

From: Breaking News

Anti-Money Laundering: ARLA worry over agents’ responsibilities

ARLA Propertymark has set out its concerns over draft guidance on anti-money laundering produced by a body called the Joint Money...

16 June 2020

From: Breaking News

HMRC finally allows letting agents to register for anti-money laundering

The HMRC’s long-awaited online register for letting agents to register their anti-money laundering activities has opened - almost six months after...

28 May 2020

From: Breaking News

£10m investment for PropTech firm to expand offering to agents

PropTech company Goodlord, already used by hundreds of agencies across the UK, has revealed a £10m investment windfall after its latest...

10 March 2020

From: Breaking News

What are the benefits of traditional online auctions for estate agents?

Property auctions – online or otherwise – can be hugely helpful to sellers, buyers and estate agents. Online auctions, in particular, are...

06 February 2020

From: Sponsored Content

Agents Beware: new anti-money laundering rules kick-in today

It’s here - the Fifth EU Money Laundering Directive comes into force today with significant challenges and implications for letting agents. The...

10 January 2020

From: Breaking News

Agents Beware: New lettings laws being introduced in 2020

A leading lettings sector trade body has outlined key pieces of legislation that will hit the private rental sector in 2020. The...

02 January 2020

From: Breaking News

Agents to get ARLA resources as anti-money laundering changes kick in

The Association of Residential Letting Agents says it will be issuing resources to support for lettings agents in the coming days...

02 January 2020

From: Breaking News

Lettings training and compliance info offered to independent agents

The fast-growing Federation of Independent Agents has this morning revealed that it’s linking with Training For Professionals, the largest provider of...

20 December 2019

From: Breaking News

Agents warned: Prepare for imminent Anti-Money Laundering changes

[Letting Agent Today was ‘off air’ for some of Wednesday and most of Thursday thanks to technical problems - we apologise to...

06 December 2019

From: Breaking News

Online lettings agency at heart of money laundering crimes

Three criminals have been sentenced after pleading guilty to money laundering involving an online lettings agency. The sentences follow an investigation spearheaded...

18 October 2019

From: Breaking News

Best agents should demonstrate  compliance to expose rogue operators

A call has been made for the best letting agencies and other rental sector professionals to show how they comply with...

01 October 2019

From: Breaking News

Professional client account solutions for modern letting agents

Professional client account solutions for modern letting agents Letting agents will need to come up with new ways to manage client money...

05 September 2019

From: Sponsored Content

Bank client account changes: Agents urged to have a Plan B

A leading industry figure is calling on agents to have a Plan B ready if their bank closes undesignated client accounts.  This...

21 August 2019

From: Breaking News

Fake rental applications on the rise as fraudsters up their game

The number of fake or fraudulent rental applications is on the rise, with landlords and letting agents being fooled by a...

05 July 2019

From: Breaking News

Rental sector changes are positive, insists deposit replacement chief

A senior figure at a deposit replacement service says the current flurry of changes in the private rental sector are positive. Daniel...

29 April 2019

From: Breaking News

New online investment platform seeks portfolio landlord customers

An online platform claims it has found a new and easy way for investors to become landlords, describing itself as ‘PayPal...

26 April 2019

From: Breaking News

More red tape as government wants Anti-Money Laundering for letting agents

A formal consultation process has started to consider government plans to extend Anti-Money Laundering from property sales to lettings as well. Unveiled...

17 April 2019

From: Breaking News

What is the risk?

The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...

20 February 2019

From: Sponsored Content

On the fiddle: Massive buy to let fraud exposed in court

The Daily Mail has reported on a massive buy to let fiddle which involved a £10.8m property empire, rents totalling £500,000...

08 January 2019

From: Breaking News

PropTech key as London agency launches aggressive acquisition campaign

After reporting record summer figures from its lettings division, Chestertons says it’s on the acquisition trail and looking for agencies to...

24 October 2018

From: Breaking News

Shock claim by senior agent of air of criminality in lettings industry

One of Scotland’s top lettings agents is warning of “an air of criminality” in the rental industry north of the border. His...

26 September 2018

From: Breaking News

Is a passport enough for AML? Blog 3

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

29 August 2018

From: Sponsored Content

Is a passport enough for AML? (Part 2)

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

02 July 2018

From: Sponsored Content

Is a passport enough for AML? (Part 1)

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation...

25 June 2018

From: Sponsored Content

Agents duplicating over 90% of floor plans

Many agents are missing out on significant time saving opportunities when it comes to their floor plans say Landmark, parent of...

30 May 2018

From: Sponsored Content

Ben Robinson, Director of Agency Services at Landmark

Who are you and what does it say on your business card? Ben Robinson, Director of Agency Services at Landmark What is Landmark...

03 May 2018

From: 60 Second Interview

Be part of the bigger picture with Rent4sure

At Rent4sure we understand the challenges and increasing responsibilities that face every letting agent right now. With government plans for an outright...

23 October 2017

From: Sponsored Content

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