Regulated firms, particularly estate agents, who take on new business clients are leaving themselves exposed to serious red flags by not...
Archive
OneDome is offering free digital know-your-customer (KYC) and anti-money laundering (AML) checks for estate agents using its various home buying services. The...
28 February 2024
From: Breaking News
Estate agents are among falling numbers of regulated firms that aren’t checking sanctions and politically exposed persons (PEP) lists, research suggests. A...
23 November 2023
From: Breaking News
Leading digital compliance firm SmartSearch has launched an innovative new solution to help professionals working within the UK property sector to...
30 September 2023
From: Features
Agents are being warned that they risk financial and reputational costs by continuing to rely on manual methods of identity verification. It...
30 March 2023
From: Breaking News
SmartSearch, the UK’s leading provider of digital compliance, has published an agenda-setting whitepaper to highlight the anti-money laundering shortcomings and sanctions...
25 February 2023
From: Features
AML experts SmartSearch warn estate agents that, with so many firms still hiding behind ‘opaque corporate structures,’ proper due diligence has...
11 February 2023
From: Features
Sanctions against Russian oligarchs are working but agents and property professionals are being warned against getting complacent when checking international buyer...
06 January 2023
From: Breaking News
It has been another busy month for job moves in the estate agency sector. Here are some of the latest moves that...
30 November 2022
From: Breaking News
Northern Ireland has been named as a potential hotspot for money laundering. New data from anti-money laundering software provider SmartSearch has identified...
28 November 2022
From: Breaking News
Dozens of estate agents have been fined a combined total of £519,645 for failing to meet their obligations under anti-money laundering...
02 November 2022
From: Features
The Government’s mini budget on September 23 was anything but ‘mini’ with several major announcements one of the most significant of...
17 October 2022
From: Sponsored Content
If recent headlines are anything to go by, estate agents and the wider property industry are not just feeling the heavy...
15 October 2022
From: Features
Agents are ‘wrongly’ relying on hard copies of identity documents to verify people’s identities in anti-money laundering (AML) checks, new research...
31 August 2022
From: Breaking News
Property firms are still failing to make basic anti-money laundering checks (AML), and some may even unwittingly be helping politically exposed...
26 July 2022
From: Breaking News
Anti-money laundering (AML) software provider SmartSearch is warning of a rise in financial crime, particularly targeting smaller property firms. A survey of...
15 July 2022
From: Breaking News
Up to 70% of property firms have not changed their approach to onboarding new customers since sanctions were imposed on Russia...
28 June 2022
From: Breaking News
Anti-money laundering specialist SmartSearch has reached 1,000 clients in the property industry. It comes amid increased scrutiny of money laundering amid sanctions...
07 June 2022
From: Breaking News
House price growth may be slowing but there is still plenty of movement in the property jobs market. Here are some of...
31 May 2022
From: Breaking News
The outcome of the Ukraine crisis is far from certain, but one thing has become abundantly clear. The long-overdue Economic Crime...
26 February 2022
From: Features
If the UK and its allies have been played by Russia over the Ukraine ‘invasion’, and it’s beginning to look that...
19 February 2022
From: Features
The UK property industry has long been a target of fraudsters due to the low levels of transparency and the fact...
12 February 2022
From: Features
While running customer identification and verification checks is part and parcel of the onboarding process for estate agents, under UK anti...
01 June 2021
From: Sponsored Content
Brexit means that the UK’s anti-money laundering laws are no longer governed by the European Union (EU), but any estate agents...
10 May 2021
From: Sponsored Content
The property market, and therefore, estate agents have been accused of being the 'weak link' in the UK’s money laundering defences. This...
27 October 2020
From: Legislation & Compliance
The Financial Conduct Authority (FCA) has been criticised for its lack of enforcement of anti-money laundering (AML) legislation so far in...
18 September 2020
From: Breaking News
Does your company apply adequate customer due diligence measures when carrying out estate agency work? Does it establish and maintain appropriate policies...