At the global Anti-Corruption Summit in May 2016, PM David Cameron emphasised the need to “clean up our property market right here in London.” This turned attention to the role of professional services firms, especially lawyers, accountants and real estate agents, in facilitating money laundering and sustaining grand corruption. Money laundering in the property market is currently under scrutiny by the Treasury Committee and, this month, it has been suggested that supervision and oversight of estate agents should be moved from HMRC.
This workshop will explore issues related to (A)ML in the property market, drawing upon a research study conducted at the University of Sussex. Estate agents and compliance officials were interviewed to gauge their experiences and perspectives on how AML operates in the property sector. This workshop will outline key findings from that study, as well as hearing insights from enforcement and practitioners who work on ML/AML matters.
10.30 – 11.00 Registration (tea and coffee served)
11.00 – 11.15 Welcome
11.15 – 12.30 AML in the Property Sector: Key Findings
12.30 – 13.30 Lunch
13.30 – 15.00 AML Challenges and Opportunities – perspectives on enforcement and compliance