Cedar House, Caen St, Braunton EX33 1AH

12th January 2021

HMRC names agencies breaching anti-money laundering processes

Estate agencies have been named by HM Revenue & Customs for breaching anti-money laundering regulations. The list of those breaching the rules include Landmark Sales & Lettings Limited in Reading, which is said to have failed to conduct due diligence and timing of verification. The agency was given a £5,250 fine. And... Source: Estate Agent...

Independent agents not yet convinced about Boomin – claim

The Federation of Independent Agents says a survey of member agencies suggests only around a fifth per cent would definitely be listing on the Bruce brothers’ new portal, Boomin. While 18 per cent would definitely list, 50 per cent were still undecided and 32 per cent said a firm No. The poll was... Source: Estate Agent...

Investors ready to bankroll agents moving from employee to ownership

An appeal has gone out to agents wanting to jump from being employees to running their own businesses - and there are investors reported to be ready to bankroll them. Fine & Country says it wants to grow in Cambridge and some specific London boroughs in particular. Daniel Harrington, head of growth at the... Source: Estate Agent...

RICS finance controversy: Surveyors’ chief insists action is being taken

The president of the Royal Institution of Chartered Surveyors insists that the organisation is acting on recommendations of a probe into its governance. For some weeks the Sunday Times has been carrying stories suggesting dissent within RICS over a report by independent accountancy firm BDO on the organisation’s governance; that report,... Source: Estate Agent...

Agency attacked by Lib Dem for selling holiday homes

An estate agency is being criticised for marketing properties as second homes in an area reportedly suffering a housing shortage. Local media in the Scottish Highlands report that Molly Nolan - Liberal Democrat candidate for the Caithness, Sutherland and Ross constituency in this year’s elections to the Scottish Parliament - has called the... Source: Estate Agent...

Free training for Rightmove agents on AML due diligence

A customer due diligence training webinar is being held for Rightmove members next week. This is the third anti-money laundering training webinar hosted by Rightmove and comes hot on the heels of the joint HM Treasury and Home Office Report, National risk assessment of money laundering and terrorist financing. This saw the... Source: Estate Agent...

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