Money Laundering Regulations - Important info for PPDs

Friday 03 July 2015

As part of our ever increasing range of benefits and services as well as the evolution of how we regulate our PPD Firms, we have a new initiative in relation to Money Laundering Regulations.

Companies defined as an Estate Agency Business and/or Trust or Company Service Provider (some block management functions) are required by law to comply with the Money Laundering Regulations 2007.

One of the requirements of the regulation is to register with a supervisor for Anti-Money Laundering purposes, this will more than likely be HMRC. There is also a requirement to have a nominated person within your business to act as a Money Laundering Reporting Officer (MLRO).

NAEA membership - making it easier to stay informed
To make it easier for you to keep up-to-date with all the important legislation updates and any additional useful information, we are collecting details across our membership about who the MLRO is within your business.

To achieve this goal, we need every Principal, Partner or Director (PPD) to complete this editable PDF and return it to Alternatively you can post it back to us at this address:

Regulation team
Arbon House
Tournament Court
CV34 6LG