Money Laundering and Consumer Protection Regulations training course - London - November 21st

 

Wednesday 21st November 2018 - London - SOLD OUT

Please enquire in case of any cancellatons and about future courses

A recent report showed that just 0.2% of Suspicious Activity Reports made in the last 18 months were made by estate agents - this may indicate that estate agents are not taking their responsibilities under Money Laundering Regulations seriously enough.

In addition it is now a requirement (from November 2017) that relevant personnel in an estate agency business are checked and approved by HMRC under Money Laundering Supervision. 

THE MONEY LAUNDERING , TERRORIST FINANCING & TRANSFER OF FUNDS (INFORMATION ON THE PAYER) REGULATIONS 2017

If you think the title is a mouthful - wait for the details!!

The latest regulations made significant changes to Money Laundering compliance regimes and extend sales agents due diligence to include buyers as well as sellers.

It also imposes a much tougher regime in respect of risk assessments, PEP checks and identifying the source of funds. 

This programme will help you comply.

5TH MONEY LAUNDERING DIRECTIVE

The 4th Money Laundering Directive became the above legislation in the UK in 2017. The 5th Directive has just been passed by the European Parliament and will likely become law in the UK in the next 18 months. I will be updating delegates on what is included - including lettings!

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.

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. 

The Government has just doubled the budget of National Trading Standards specifically to better police the estate agency sector.

 

Hammersmith

 

Holiday Inn Express
124 King Street
Hammersmith
London W6 0QU

 

Less than five minutes walk from Hammersmith Underground Station (Piccadilly, Hammersmith & City and District lines)

 
COURSE FEES & BOOKING

 

Just £75 plus VAT (£90) per delegate.

 

A discount to £70 plus VAT (£84) per delegate for 2 delegates from the same business, booking at the same time or £65 plus VAT (£78) per delegate for 3+ delegates from the same business, booking at the same time, will apply.

 

Email
enquiries@integra-ps.com

 

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. 

 

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 teh 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.

 

All fees should be paid prior to the event. Invoices raised within 30 days of the event, or less, become payable within 3 days after the date of invoice.

 

Integra Property Services reserve the right to charge interest on any outstanding debts at 6% above Nat West base rate per month or part thereof.