Anti-Money Laundering: agents need more guidance says Propertymark
Summary
Propertymark is calling for clearer, simpler and more practical anti-money laundering guidance for estate agents. The request suggests current guidance may be difficult for agents to apply consistently in day-to-day compliance work.
Why it matters
Residential property surveyors involved in transactions, referrals or compliance-adjacent work should be aware of evolving expectations around anti-money laundering controls. Clearer guidance can affect how firms evidence due diligence and manage risk in property dealings.
Key points
- Propertymark says agents need more practical AML guidance.
- The focus is on making guidance clearer and simpler to apply.
- The issue relates to compliance expectations in property transactions.
- No specific rule change or enforcement action is reported in the extract.
Organisations:
Propertymark, Estate Agent Today
Regulations:
anti-money laundering
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