Latest News

A thirst to get qualified at the Propertymark Wales National Conference

18 October 2019

With so much change for agents in Wales in 2019, the delegates at the Propertymark Wales National Conference heard a legislative reminder on anti-money laundering, referral fees and the regulation of the industry. Read More...

Homeowners more than £350k better off than private renters over 30 years

18 October 2019

The average homeowner in the UK could be £352,500 better off than the average private renter over the next 30 years, new research from the Intermediary Mortgage Lenders Association (IMLA) says. However, the report also outlines the financial and social barriers that younger people face in becoming homeowners and suggest that rising house prices may not be the main cause. Read More...

Changes to shared ownership announced

18 October 2019

Plans for a new national model for shared ownership will help thousands of lower earners step onto the housing ladder. A package of measures to help people on lower incomes get onto the housing ladder have been confirmed by Housing Secretary Robert Jenrick. Read More...

Northern Irish woman suspected of involvement in serious organised crime

Wednesday 07 August 2019

The National Crime Agency (NCA) has secured an Unexplained Wealth Order (UWO) on a Northern Irish woman with suspected links to serious organised crime.

The woman, who owns six properties worth £3.2 million in total, has now been ordered to explain how she financed the purchases.

The NCA believes the woman is associated with criminals involved in paramilitary activity and cigarette smuggling.

Interim Freezing Orders have also been granted which means that these properties cannot be sold, transferred or dissipated while the investigation continues.

Andy Lewis, Head of Asset Denial at the NCA, said: “This is the fourth case in which we have obtained a UWO. Our investigations are complex and involve careful consideration before we make an application before the court.

“We do not investigate illicit finance based on monetary value alone. This latest order shows that we will act against those who we believe are causing the most harm to our communities.”

Sarah Pritchard, Director of the National Economic Crime Centre, added: “We are determined to identify and prioritise the cases which have the biggest impact on tackling serious and organised economic crime. Criminally obtained assets undermine the integrity of the UK’s economy and institutions.

“We will use all the powers available to us to target those we suspect are trying to launder money and will explore every opportunity to deny assets linked to illicit finance.”

Propertymark resources

Our members' only AML - How to comply guide will explain in more detail the steps that businesses should take to ensure compliance with the regulations. You can also pick up a printed copy at one of our workshops. 

For the latest updates, including information and guidance on the fifth Money Laundering Directive, you should attend one of our conferences or workshops

We also offer three AML courses - at foundationintermediate and advanced levels, so whatever your level of experience there will be something to suit you.