The latest industry analysis by Credas Technologies , the leading identity verification checks provider, has shown that the average Anti-Money Laundering (AML) fine issued to the estate agency sector for non-compliance has started to climb, reversing the previous downward trend seen throughout the pandemic.
The latest data for Q1 of the 2022-23 financial year shows that, the average...
Each year there are over 1.5 million homes listed for sale in the UK and the potential sellers of each all require anti-money laundering checks - often there’s more than one check per property in the case of joint ownership.
Since June 2017 property buyers, at the point that an offer is accepted, are required to provide identification for the purposes of the agent carrying out such...
