Azizur Rahman | 22 August 2023
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With research indicating that billions are being stolen in the UK every year due to companies’ anti-money laundering (AML) failings, Rahman Ravelli wrote about the risks facing estate agents.
In an article that was published by Estate Agent Today, Rahman Ravelli describe how companies are not carrying out the checks necessary to prevent money laundering.
Rahman Ravelli detail the obligations that estate agents and other regulated companies have to meet under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
They explain why the estate agency sector is attractive to money launderers, the importance of estate agents taking the steps necessary to prevent money laundering - and the consequences of failing to do so.
The full article can be read here.
Featured at: Estate Agent Today
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