Latest News

Money Laundering registration now open for letting agencies

26 May 2020

Registration for UK letting agencies is now open with Her Majesty’s Revenue & Customs (HMRC) who are the supervisory body for the property sector. Read More...

Furlough Scheme must flex to support recovery

26 May 2020

NAEA Propertymark continues to talk to Government departments about the needs of the sector, the disparity between activities allowed in England, compared with Scotland, Wales, and Northern Ireland and the cautious progress of recovery and consumer confidence. Read More...

Anti-Money Laundering (AML) deferral payment offered by HMRC

Monday 18 May 2020

Businesses whose annual fees for money laundering supervision are due between 1 May and 30 September 2020 may apply to HMRC for a six-month break or deregister if they have ceased trading due to Coronavirus.

Propertymark encourages agents to investigate what action is best for them but cautions that de-registering a business means that all trading must have stopped, and businesses will need to be re-approved if they wish to start trading again.

If your business has continued to trade throughout

Businesses that continue to operate must remain registered with HMRC for money laundering supervision. All obligations under the Money Laundering Regulations (MLR) must still be met if the business is trading.
HMRC will issue businesses with a reminder when payment is due, and businesses may either:

  • pay in the normal way
  • pay at any time up to six months from the original due date

If your business has temporarily suspended trading

You may choose to deregister from HMRC supervision if you have temporarily closed your business due to Coronavirus and stopped all MLR activity. You will need to make a new application to re-register your business if you resume trading, and you will not be able to trade again until the new application has been approved.

View details


Propertymark has a range of resources on AML including an online training course as well as Health Checks for members to make sure that they are up to date on their obligations and using best business practice.

AML resources