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Niall Hearty explains the money laundering risks that estate agents are facing

Author: Niall Hearty  22 April 2023

Posted in : Anti-Money Laundering .

Niall Hearty 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 his article, which was published by Estate Agent Today, Niall 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 Niall calls “a perfect storm for money laundering’’.

He details the money laundering obligations that estate agents (and other regulated companies) must comply with. Niall also outlines how companies can ensure they meet these obligations. 

The full article can be read here.

Niall Hearty C 07998

Niall Hearty

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Niall has a wealth of corporate crime expertise and an ability to coordinate global bribery and corruption cases. His achievements in such investigations have made him a logical choice for corporate clients.

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