It’s been revealed by Propertymark that HM Revenue & Customs has fined agents over £1.6m for branches of anti-money laundering regulations. The...
Archive
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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’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
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
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
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
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
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 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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
[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
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
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 Letting agents will need to come up with new ways to manage client money...
05 September 2019
From: Sponsored Content
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
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
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
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
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
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
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
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
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
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
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
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
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
Who are you and what does it say on your business card? Ben Robinson, Director of Agency Services at Landmark What is Landmark...