The government’s ‘Flag It Up’ campaign, which has been encouraging solicitors and accountants since 2014 to file suspicious activity reports where they suspect money laundering, is being extended to the property sector, with support from HMRC in its role as a supervisor of estate agency businesses under the money laundering regulations.
Over the period from April 2017 to March 2018, estate agents submitted just 710 suspicious activity reports, compared 5,036 from accountants submitting and 2,660 submitted by independent legal professionals. See https://bit.ly/2Od8wsE.
The government’s ‘Flag It Up’ campaign, which has been encouraging solicitors and accountants since 2014 to file suspicious activity reports where they suspect money laundering, is being extended to the property sector, with support from HMRC in its role as a supervisor of estate agency businesses under the money laundering regulations.
Over the period from April 2017 to March 2018, estate agents submitted just 710 suspicious activity reports, compared 5,036 from accountants submitting and 2,660 submitted by independent legal professionals. See https://bit.ly/2Od8wsE.
