22 May 2021
Estate Agent Today With property fraud on the rise and an ever-increasing number of transactions taking place in the lettings sector, having strict anti-money laundering (AML) processes and protections in place has become more important than ever as the private rented sector continues to grow in size. In this Q&A, the EAT & LAT team speak to Jerry Walters - managing director of FCS Compliance and a man who has over 30 years in financial fraud and crime enforcement including a quarter of a century of work for the City of London and Thames Valley Police - about why letting agents need to act fast to become AML-compliant and the potential consequences for those who don’t play by the rules.
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