Money Laundering & Consumer Protection compliance course - London 16th September 2020

Wednesday 16th September 2020 - London

With the fifth Money Laundering Directive having gone live in early 2020 (and now embracing lettings) and huge fines for AML non compliance (Countrywide fined £215,000) - you owe it to yourself and your company to ensure you are up to speed with regulation and the processes and systems needed to comply.

New guidelines for Estate Agents have also been incorporated in this programme.


A recent report showed that just 0.7% 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.

The Government has now launched its "Flag It Up" campaign to encourage estate agents to make more suspicious activity reports (SARs).

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

The 2017 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. 

HMRC have subsequently introduced administration fees in addition to fines for shortcomings in compliance and have recently announced higher supervision fees in order that they can increase their resources for policing and enforcement.

This programme will help you comply.


Referral fees - National Trading Standards have said they will use Consumer Protection Regulations to take action against sales and letting agents who are not transparent about referral fees, commissions and secret profit payments they receive. The Ombudsman has also built transparency on such payments into their mandatory code of conduct which was updated on June 1st 2019.

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.


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 - Wednesday 16th September 2020 
9.30am - 1pm
Course = approx 3.00 hours+ of CPD/LLL

Hammersmith - London
I Shortlands
W6 8DR
Less than five minutes walk from Hammersmith Underground Station (Piccadilly, Hammersmith & City and District lines). Onsite (paid for) car parking.
Further 2020 course dates
25th November
Just £85 plus VAT (£102) per delegate.
A discount to £80 plus VAT (£96) per delegate for 2 delegates from the same business, booking at the same time or £75 plus VAT (£90) per delegate for 3+ delegates from the same business, booking at the same time, will apply.
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 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.