HMRC publishes new AML guidance for Estate Agents

On the 1st May HMRC issued new guidance for all estate agency business covered by the 2017 Money laundering Regulations. The new guidance emphasised the need for firms to adopt a Risk Based Approach and gave greater clarity to property auction houses. The full guidance can be found here:

https://www.gov.uk/government/publications/money-laundering-regulations-2007-supervision-of-estate-agency-businesses