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Compliance Café: Anti Money Laundering (part 2)
A focus on Customer Due Diligence (CDD) performance against the Money Laundering Regulations, using results obtained from Propertymark’s audit programme of regulated companies during 2025.
More effective guidance needed on OFSI ‘ownership and control’ test
Propertymark has highlighted the challenges property agents face when identifying the hidden influence of Designated Persons in transactions. The Office for Financial Sanctions Implementation (OFSI) is examining how the rules are applied in practice, and we’ve been clear that whilst agents are committed to preventing financial crime, the current expectations are often difficult to meet.
Compliance Café: Anti-Money Laundering (part 1)
Insights from 2026 AML audits highlight how estate and letting agents are performing across key compliance areas, with strong training standards and clear opportunities to enhance registration, documentation, and reporting practices.
14 days remain to prepare for new tax rules
From 6 April, 125,000 landlords and sole traders in the property sector must use Making Tax Digital (MTD) software, in the biggest change to the Self-Assessment system since 1997. Support is available to those impacted, and HMRC has confirmed that no penalties will be issued for late quarterly updates in the 2026 to 2027 tax year as the system beds in.