UK: ESTATE AGENTS TARGETED IN MONEY LAUNDERING CRACKDOWN

On 4 March, HMRC reported that estate agents have been hit with unannounced inspections as part of a week-long crackdown on money laundering in the property industry.  HMRC officers visited 50 estate agents across England after they were suspected of trading without being registered as required under money laundering regulations. The visits came as HMRC published the latest businesses hit with fines for failing to comply with the regulations. This includes estate agent Countrywide Estate Agents receiving a £215,000 fine.

https://www.gov.uk/government/news/estate-agents-targeted-in-money-laundering-crackdown

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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