Azizur Rahman | 22 April 2023
Share on:
Contact The Author >
Rahman Ravelli have wrote a piece that outlined the importance of those in the property sector ensuring their anti-money laundering (AML) measures are fit for purpose.
In this article, which was published by Estate Agent Today, Rahman Ravelli warns that much of the estimated £100 billion that is stolen in the UK each year is due to companies’ AML shortcomings.
Not properly checking documentation, a failure to change their approach to new customers since Russia’s invasion of Ukraine and a lack of awareness of “ghost’’ companies being used by criminals to disguise who is involved in transactions are creating what Rahman Ravelli calls “a perfect storm for money laundering’’.
They detail the money laundering obligations that estate agents (and other regulated companies) must comply with. Rahman Ravelli also outline how companies can ensure they meet these obligations.
The full article can be read here.
Featured at: Estate Agent Today
+44 (0)203 911 9339 vCard
