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Prepare now for mandatory short-term let registration in Autumn 2026
All visitor accommodation in Wales will need to be registered under new Welsh Government legislation, and agents should act now to support their landlords and avoid disruption when the new system goes live. Propertymark has engaged closely with the Welsh Government throughout the development of these proposals, focussing on ensuring that any new framework is proportionate, workable for agents and landlords, and recognises the wider housing pressures facing Wales.
AML registration failures still the top cause of painful agent fines
HM Revenue and Customs (HMRC) has issued hundreds of thousands of pounds in new fines to property agents for failures to comply with anti-money laundering (AML) regulations, reinforcing the consequences of getting compliance wrong. The latest enforcement action covers the 2025–26 reporting period and includes 170 penalties issued to estate agency businesses, totalling more than £835,000. Letting agents are also within HMRC’s supervisory scope where transactions meet the required thresholds.
Single sanctions list launches on 28 January 2026 for simpler checks
All UK sanctions designations maintained by the UK Government will be consolidated into an official list and updated in one place. This is a significant operational change for property agents, auctioneers and other regulated businesses, which should make checking clearer and more straightforward. Sanctions compliance are part of wider financial sanctions and anti-money laundering obligations, and failures can carry serious legal and reputational consequences.
Agent input is vital on proposals to reshape enforcement of housing offences
The Sentencing Council has launched a 12-week public consultation on new sentencing guidelines for housing offences, including unlawful eviction, unlawful harassment, Houses in Multiple Occupation (HMOs) and housing standards breaches. For property agents, the proposals underline the importance of compliance, record-keeping and professional standards and present a clear opportunity to influence how the guidance is shaped.