Owing to the high risk rating of the sector, more real estate businesses than ever before are now subject to AML regulations. These regulations not only require robust risk assessment frameworks to be put in place but demand senior level involvement if a transaction is identified by your business as posing a high risk of involving ML.

Government enforcement agencies are increasingly penalising non-compliant businesses. One money service business received a penalty in excess of £23 million for failing to carry out regulation-compliant risk assessments or have the proper policies and control in place. It is vital to take action to ensure your business is compliant – even if your business can absorb a penalty, the reputational damage caused is not worth risking it. Give us a call and our experts will help you create a tailored solution focussed on your business model.