Archive

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The director of a Plymouth letting agency has been re-bailed and will appear in court again in January.    Heather Crabb, owner of...