Money Laundering & Consumer Protection Regulations Courses - Manchester (27th March 2019) and Milton Keynes (28th March 2019)
THE MONEY LAUNDERING, TERRORIST FINANCING & TRANSFER OF FUNDS (INFORMATION ON THE PAYER) REGULATIONS 2017
The Government has recently launched its Flag It Up campaign and is specifically targeting the estate agency sector. Estate agents can therefore expect a more rigorous and proactive approach from HMRC in policing requirements in 2019.
The 5th Money Laundering Directive will also be implemented in 2019. This will make Money Laundering compliance mandatory in elements of lettings as well as sales.
HMRC have recently introduced a series of fixed administration fees that will be payable on top of any fines issued.
Don't put your business and yourself at risk!
The current Money Laundering compliance regime significantly extended the requirements on agents in terms of compliance.
The estate agency sector accounted for only 0.2% of suspicious activity reports made in the last 18 months. The focus from HMRC is therefore increasing on the agency sector in regards compliance.
Risk assessments for businesses and as part of customer due diligence on both sellers and buyers are mandatory requirements as are PEPS and sanctions checks.
It is also now a requirement for key personnel in an estate agency business to be approved by HMRC.
Lettings agents, whilst not currently required to register with HMRC or carry out the same customer due diligence (CDD) that sales agents do, still need to be mindful of the Regulations and the Proceeds of Crime Act, particularly in "occasional transaction" cases. This will change under the recently approved 5th Money Laundering Directive.
This pragmatic and practical course will help you comply and keep on top of your obligations.
CONSUMER PROTECTION REGULATIONS 2008
These apply to both sales and lettings. They are wide reaching and challenging to comply with.
The industry is currently paying out £millions in "compensation" for easily avoidable breaches.
You owe it to yourself, your staff and your business to ensure you are up to date and operating compliantly.
National Trading Standards have recently had their funding doubled by Government specifically to better police the estate agency sector.
WHY YOU AND YOUR TEAM SHOULD ATTEND
Consumer Protection and Money Laundering Regulations are two of the most important sets of regulations that apply to the sales and lettings industry and amongst the most testing to comply with.
The cost in terms of redress and loss of goodwill by failing to comply is something that no sales or letting agent should put themselves at risk of.
Failings are estimated to be costing the UK sales and lettings industry literally millions of pounds in ex gratia payments.
Money Laundering Regulations place seven key requirements on agents in order to be compliant.
One of the seven mandatory requirements is to ensure that all staff are trained and aware of their responsibilities.
This programme will highlight the potential issues and offer practical solutions and tips to help you operate both commercially and compliantly.
COURSE DATES & TIMES
Manchester - Wednesday 27th March 2019 – supported by Compliance in a Box (part of Landmark Information Group)
Milton Keynes – Thursday 28th March 2019 - supported by Compliance in a Box (part of Landmark Information Group)
9.30am - 12.45pm
Course = approx 3.00 hours+ of CPD/LLL
Further AML/CPR courses in 2019 in London - put in your diary and register your interest now – please note that the London programmes are not supported by Compliance in a Box
8th May - 25% booked
Malmaison (2 minute walk from Piccadilly Train Station)
MK Conferencing Centre (10 mins from M1, 1 mile from Train Station, FREE Parking)
Novotel London West (5 minutes walk from Hammersmith underground station)
COURSE FEES & BOOKING
Book Manchester or Milton Keynes now and save 18% on your course fees courtesy of Compliance in a Box (part of Landmark)
Integra, in partnership with Compliance in a Box, is offering places on these 2 courses at a reduced rate of £70 +VAT per delegate – Normally £85 +VAT.
Additional reductions available for multiple bookings.
- £65 plus VAT (£78) per delegate for 2 delegates from the same business, booking at the same time
- £60 plus VAT (£72) per delegate for 3+ delegates from the same business, booking at the same time
To confirm your booking (please provide name(s) of delegates, contact details and the location and date of programme to be attended) and we will issue a VAT invoice for payment. See terms and conditions below.
THE SMALL PRINT
All applications will receive a confirmation email and a VAT invoice (or receipt if applicable). The person booking is responsible for supplying the correct contact information. This forms a binding contract between the applicant and Integra Property Services and will be subject to the terms and conditions below.
If the person booking receives no confirmation email, they are responsible for contacting Integra Property Services to request an alternate copy.
Substitute delegates may attend at no additional cost. Refunds in respect of cancellations can only be made if cancellations are received in writing at least fourteen days before the event, and will be subject to a 50% administrative charge. Cancellations received after this period will be charged 100% of the course fee. Please note that non-attendance (without prior notification) is subject to a 100% cancellation fee.
Integra Property Services reserve the right to alter the venue, the programme and/or the speakers at any time and without prior notice, and also reserve the right to cancel an event, in which case all fees will be refunded.