5th Jan 2014 SmartSearch Help Estate Agents Comply with AML Legislation Share At SmartSearch we are always shocked and alarmed by the number of Estate Agents who think that the Anti-Money Laundering Legislation does not apply to them. We constantly hear things like, “We don’t handle any money” or “The solicitor does it so we don’t have too” how wrong could they be.The Office of Fair Trading have responsibility for oversight of the Estate Agency sector in the UK, firms are required to register with the OFT. There are still a number of firms that have failed to register, and more Estate Agency firms look likely to receive fines for either failing to register or for not having the appropriate systems and procedures in place.SmartSearch can help Estate Agents comply with the Know Your Customer aspects of the Money Laundering Regulations, offering a fast an effective method of verifying clients both corporate and individuals, with full Sanction and Politically Exposed Person Screening and ongoing monitoring. by SmartSearch See more articles by SmartSearch Share post See our other popular articles 18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch 14th Feb 2023 ‘Failure to prevent’ fraud, false accounting or money laundering could soon be a punishable offence by SmartSearch 2nd Feb 2023 SmartSearch COO named Technology Businesswoman of the Year at national award by SmartSearch See more
18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch
14th Feb 2023 ‘Failure to prevent’ fraud, false accounting or money laundering could soon be a punishable offence by SmartSearch
2nd Feb 2023 SmartSearch COO named Technology Businesswoman of the Year at national award by SmartSearch