Don’t get caught out over non-compliance
Tightening anti-money laundering (AML) legislation is making life tough for Estate Agents. Failure to comply could see agents facing a fine – the average fine imposed for non-compliance is approximately £12,000, imprisonment of up to two years or both!
Since 2017, agents have been subject to more far reaching AML regulations than previously. Most notably, these regulations introduced a key change requiring due diligence checks to be undertaken by agents on both the vendor and the buyer.
As a result, it’s now essential that you have measures in place to minimise risk and ensure your business is compliant.
iamproperty compliance was developed by Estate Agents for Estate Agents to take the complication out of AML compliance.
It’s the most cost-effective AML service available, helping to reduce your admin burden, save you time and give you peace of mind that your agency has compliance covered!
With iamproperty compliance you’ll benefit from:
Want to keep everything in one place?
For complete convenience, we also offer additional pay-as-you-go services
“As a company we felt we were already in line with our Anti-Money Laundering obligations, however on first demonstration of the system, it was clear that we were not getting it ‘quite right’. We have found the system straight forward, easy to use and most of all it has given us the assurance that should HMRC walk through our door, we’re fully compliant in our obligations under the Anti-Money Laundering regulations. I am grateful to the iamproperty team for the compliance arm of their services. It has helped streamline our business in the ever changing world of Estate Agency and the NAEA’s bid to regulate the industry. I would highly recommend.”
Frequently asked questions
Can I use my credits at any time?
What happens when I run out of credit?
What happens if I don’t purchase credits when I run out?
Why do I need to put card details in for credit bundle purchases and Land Registry documents?
Is it more expensive to purchase Land Registry documents through iamproperty compliance than is it via Land registry websites?
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