01 May Don’t fall foul of AML legislation

The Government’s new Anti-Money Laundering Directive comes into force on 26th June – are you prepared?  The 4th Money Laundering Directive is now law. As an Estate Agent, this means you are be required to carry out comprehensive Anti-Money Laundering (AML) checks on your buyers as well as your sellers. You need to be sure you have systems in place and staff fully trained – or alternatively you could outsource it at no extra cost! The new law brings the UK in line with the EU Directive on money laundering and terrorist financing. Some may think that with Brexit, legislation won’t apply but this is...