2017 June

OPINION ON OBTAINING ID FROM BUYERS

AGENTS BEING REQUIRED TO ID BUYERS IS A VERY BAD IDEA It is proposed in the draft Money Laundering Regulations that agents will be required to conduct customer due diligence (CDD) on buyers. This comes about because Regulation 4 (3) states that for the purposes of these Regulations an estate agent is to be treated […]

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David's Philosophy

My clients take compliance matters very seriously and I have spend many years working proactively and reactively to provide them with cost effective solutions. My success is based, not only on the unique expertise I hold, but also around my ability to balance the need for compliance with commercial reality. Whatever your needs, I am happy to discuss them and the services we can offer to meet them on a no obligation basis. Email me at david@compliance-matters.co.uk or ring my office on 0161 727 0798

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FREE MONEY LAUNDERING 2017 UPDATE SESSIONS

Significant changes to estate agents obligations were imposed by the new Money Laundering Regulations in June this year.  The big focus has been on the need to confirm the ID of buyers as well as sellers; however, the legislation also requires agents to make a number of other changes. HMRC also published guidance on how […]