Anti-money laundering training webinar for agents takes place today

Rightmove is to host its third anti-money laundering webinar this morning, aimed at agents, and will be run by Jerry Walters, managing director of FCS Compliance.

Today’s webinar, which starts at 10.30am, will cover key AML risks facing a property professional, different levels of due diligence, and assessing and recording the level of AML risk posed by a customer.

Walters said: “One of the key aspects of ensuring compliance with the Money Laundering Regulations Act of 2017 is an agent’s ability to carry out effective and compliant Customer Due Diligence and their need to fully understand the business relationship with their customer.

“AML rulings are not just guidance but criminal legislation which carry a high price for those who fail to comply.”

Rightmove agents can register to attend on the Rightmove Hub.

Sprift 3 end of article
x

Email the story to a friend

One Comment

  1. paulgbar666

    Many people are refusing to keep funds in traceable accounts. So they will have a load of cash. How will AML work in such cases.   11 years ago I removed all my cash.
    A real faff though when bank notes are changed as you have to pay in gradually to ATM and then draw out again over many months. DON’T trust banks after the Cyprus bail in debacle.   I have substantial funds as indeed do many others.   Would I be prevented from using those funds in any purchase!? My funds came from my house sale; endowment cash in, pension fund cash in, lodgers, general thrift etc. Also family gifts.   Can’t see AML ever being able to work out exactly what came from where!? Possibly preventing a property sale!?        

    Report
X

You must be logged in to report this comment!

Comments are closed.

More top news stories

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.