Businesses including estate agents, banks and accountants now have to carry out “stringent and targeted checks” to make sure that money changing hands is from a legitimate source and will not be used to fund terror acts or other organised crime, as the UK’s Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 come into force.
New money laundering rules for estate agencies are now in play
"Stringent and targeted checks" into finances and ownership are now required by law
June 26, 2017
UK capital still has the largest UHNW population in Europe, but lead over French counterpart has 'narrowed sharply' amid Brexit concerns...July 21, 2017
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