Estate agents concerned about recent changes to anti-money laundering legislation will be able to seek guidance from two sector specialists during a forthcoming webinar hosted by Rightmove.
An estimated £10bn is laundered through the UK property market each year, while HMRC data shows fines issued to agencies for AML breaches have risen by 177%, with 170 agents fined a combined £835,000.
The session, which will take place on 25 February, will feature financial crime lawyer Laura Asioli and John Reynolds, co-founder and chief operating officer of Coadjute, who will outline practical steps for compliance, including identifying high-risk transactions, understanding enforcement and record-keeping requirements, and responding to complex AML scenarios.
Jason Charles, head of events and education at Rightmove, said: “It’s more important than ever that agents can access expert help to make sure their teams stay on the right side of the anti-money laundering rules. This is an essential event for anyone completing AML checks– and we’ll have an extended Q&A to address every question we get, including those sent in in advance.
“We’ve also worked alongside David Smith, Partner at Spector Constant and Williams, to create an Anti-Money Laundering and Financial Crime training course, covering both AML regulation, the anti-bribery and proceeds of crime acts. This course is exclusive to Rightmove members at no extra cost to their membership.”
Agents can sign up now via the Rightmove Hub.
Read the orginal article: https://propertyindustryeye.com/are-you-prepared-for-changes-to-anti-money-laundering-rules/?utm_source=rss&utm_medium=rss&utm_campaign=are-you-prepared-for-changes-to-anti-money-laundering-rules
