Common anti-money laundering concerns: what do estate agents need to know?
Agents across the country continue to fall foul of their legal obligations, resulting in fines and regulatory reprimands from HMRC
Harriet Holmes
Property professionals are on the front lines of the fight against money laundering
Top tips: Crucial steps against money laundering in the property sector
Why the Digital Trust Framework matters for property professionals
The government is now testing the effectiveness of the trust framework via right-to-work, right-to-rent and DBS ID checking schemes
Conveyancers can’t hide behind their firm when it comes to compliance
Individuals are as much at risk as law firms when it comes to fines and reprimands if their compliance is deemed to be not up to scratch
Augmentation not automation when it comes to AML
What are the risks of adopting new technology against manual methods?
The bank of Mum and Dad – you must check source of funds
Given the sums involved, estate agents and property lawyers must not assume that the bank of Mum and Dad is low risk
How can technology help agents combat fraud?
Expert explains how agents should use technology to spot potential red flags and mitigate the risks of fraud
Five types of document fraud impacting estate agents
Top tips to help estate agents avoid falling foul of document fraud
Tips for estate agents preparing and conducting successful due diligence
Fake documents pose an increasing risk for agents
Legacy systems put agents at risk of money laundering and fraud
HMRC is clamping down on agents not complying with money laundering regulations
Don’t be a professional enabler
Fraud and fake ID documents are on the rise.