Money Laundering & Consumer Protection Regulations - Training Course - London - 20th February 2019

Wednesday 20th February 2019 - London

THE MONEY LAUNDERING REGULATIONS 2017

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.

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.

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 been passed by the European Parliament and will become law in the UK in 2019.


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.

 
COURSE DATES & TIMES  
 
Hammersmith - Wednesday 20th February 2019 - TAKING BOOKINGS NOW
 
Morning
 
9.30am - 12.30pm
  
Course = approx 2.75 hours+ of CPD/LLL
 
Further AML/CPR courses in 2019 - put in your diary and register now
 
8th May
25th September
27th November
 
LOCATION

Hammersmith
 
Novotel
I Shortlands
Hammersmith
W6 8DR
 
Less than five minutes walk from Hammersmith Underground Station (Piccadilly, Hammersmith & City and District lines). Onsite (paid for) car parking.
 
COURSE FEES & BOOKING
 
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.
 
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. 
 
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.