- You are here:
- Homepage
- Resource library search
- Fact Sheet: UK Sanctions Reporting Obligations for High Value Dealers
Related resources
UK Government confirms new AML supervisor — no change for property agents
The Financial Conduct Authority (FCA) will become the Single Professional Services Supervisor (SPSS) overseeing Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance for the legal, accountancy, and trust and company service sectors. HMRC will continue to supervise agents under the Money Laundering Regulations, and firms that are already compliant do not need to make any changes to their existing AML procedures.
Clear and workable process is needed for an effective financial sanctions regime
Following major changes in global sanctions since 2018, the Office of Financial Sanctions Implementation (OFSI) has sought views on how to update its penalty, disclosure, and settlement frameworks. Reforms should both strengthen deterrence and make it easier for businesses, including property agents, to comply and report breaches confidently.
First Renters’ Rights Act changes commence on 27 December 2025
The Act equips Local Housing Authorities (LHAs) with stronger rights to investigate whether a landlord or letting agent has breached certain housing laws – measures which apply to letting of private rented accommodation, and actions that may involve illegal eviction, poor standards, and non-compliance.
Agents must seize this moment to shine as Renters’ Rights Act clears parliament
The legislation gained Royal Assent on 27 October 2025. Implementation will be staged via secondary legislation, and the UK Government has stated it will allow time for a smooth transition and engage the sector on commencement dates. Propertymark has hit the ground running, with training, events, and downloadable resources to support the sector through the most significant transition in private renting for a generation.