AML Compliance - An Update for Estate Agents & Property Professionals

Introduction

This webinar will provide an update of the current state of play with regard to the key duties imposed on estate and letting agents by the AML legislation and the 2017 ML Regulations (as subsequently amended).

It will look at what the regulators are expecting you to have in place, especially in the current turmoil in the World and the increased aggression shown by regulatory overlords.

The purpose of the webinar is to give you a solid foundation of knowledge in this area and help you understand how the various processes can be used to protect your organisation.

What You Will Learn

This webinar will cover the following:

• What is money laundering?
• Fraud & other financial crimes - terrorism, sanctions and proliferation financing
• Why property work remains a key target
• How estate and letting agents are caught
• CQS & Conveyancing Protocol amendments
• The key legislation - Proceeds of Crime Act 2002 Part 7
• Analysis of the key requirements of the ML Regulations 2017 (as amended)
• Reliance on CDD checks carried out by third parties - can we not just leave it to the lawyers?
• Training & record-keeping requirements
• The key to it all - ongoing monitoring

This webinar was recorded on 5th August 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.