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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
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Niall Hearty outlines the need for estate agents to be aware of money laundering risks

Author: Niall Hearty  4 May 2024

Posted in : Anti-Money Laundering .

With hundreds of estate agents’ money laundering failings having been made public, Niall Hearty wrote about the importance of such businesses meeting their legal obligations.

In his piece, which was published by Estate Agent Today, Niall summarised the money laundering shortcomings in the property sector that saw HM Revenue and Customs issue fines totalling more than £1.6 million in the 2023-24 financial year.

He detailed the legal responsibilities that those in the sector have as regulated companies, subject to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. 

Niall also explained how serious the penalties can be for not meeting those responsibilities and the importance of firms seeking advice to ensure they are complying with the law.

The full article can be read here.

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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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