Estate Agents and Letting Agencies

AML Compliance for Estate Agents and Letting Agencies

The Anti-Money Laundering (AML) regulations apply to Estate Agents and this has been the case for some time. Our primary service is to work with Estate Agents of all sizes, be they independent, a chain or franchise, to establish an effective AML strategy which is understood by all staff and ensures the estate agency is fully compliant.

Our services are specifically aimed at effective management of a compliance structure that works and is proportionate and include:

1. Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance
2. GDPR and Data Protection compliance
3. Bribery Act 2010 compliance
4. Treating Customers Fairly compliance
5. Employment Regulations compliance
6. Complaint investigations, management and handling

HMRC provides Estate Agents with their AML approval status and all agents must register with HMRC for AML purposes. If you have not made your application, we will work with you to submit and achieve approval.

If you have approval, we will help you retain your approval status and protect your agency.

The Estate Agency sector is also facing regulatory changes, which will soon be implemented and the proposed regulations appear to be focussed on the maintenance of core standards, training, education and service levels. As more information is received about the regulation, AML & Compliance will develop strategies with estate agencies to ensure they can obtain the necessary authorisation and maintain it.

Details of the services we provide are contained at our services page which you can review to obtain detailed information on how we work with Estate Agents.

If you would like to discuss our services in more detail, you can contact us at 0203 985 8553, email us at info@amlandcompliance.co.uk, or complete an enquiry form.