Compliance in a Box: The Natural Remedy for Your AML Headache

23rd May 2019

Estate agents around the country are realising that the new 5^th AML Directive goes deep. There’s a lot of work involved in becoming compliant. And the penalties for non-compliance, either deliberately or through confusion, are severe. Concern is understandably raising among Estate Agents. Property Industry Eye reports that estate agents at an AML round table voiced their dissatisfaction with the time-consuming duplication of information and “the unnecessary complexity of compliance.”

At Landmark, we’re committed to simplifying compliance. It doesn’t need to take up your valuable time and eat into your profits. We’ve put together a complete solution to help you be fully compliant with the barrage of new and enhanced responsibilities, while massively reducing the amount of time you need to spend on them. Compliance in a Box is a fast and efficient way to ease the headache of the new regulations. Not only do we offer a complete solution, but we also offer one tailored to your business.

And the HMRC isn’t showing much empathy with businesses these days. Officers recently carried out unannounced visits to 50 estate agencies in several regions across England, including London, Leicester, South Buckinghamshire, Wolverhampton and the Greater Manchester area.

They targeted estate agencies suspected of trading without being registered under money laundering regulations.

With this sort of attention, no estate agents can afford to do the minimum in the hope they’ll stay under the radar.

Landmark is well aware the stakes are as high as the tensions. With penalties including unlimited fines from which firms may never recover, to prison terms of up to 2 years for regulation breaches, frustrations and anxieties are understandable.

Regardless of the size of your business, you need to have the correct policies and procedures in place to prove you’re committed to combatting money laundering. Because we know each agency is different, we have designed 3 packages for you to choose between.

Compliance in a Box

Option 1: A Straightforward Pay-As-You-Go Solution

Landmark’s pay-as-you-go service uses electronic checks. It’s fast and simple. AML checks are returned in seconds. It’s fully integrated with the Land Registry to help you identify beneficial owners.

Option 2: Outsource Your Compliance to Our Specialist Team

Our fully outsourced service includes ID checks, staff training, example policies, one central system for simple auditing and ongoing support from dedicated experts. No hassle results are yours within seconds.

Option 3: A Fully Integrated Solution to Plug into Your Existing Systems We’re now offering integrated AML checks and land ownership verification you can access directly from your existing management system. No need to keep visiting a third-party provider. Ensure compliance consistency across all your branches with this highly efficient option.

For more information, please register using the form below or call us on 01524 220013.

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