Money Laundering Regulations

Money Laundering

If you are a Principal, Partner or Director Member, then we require evidence that your company(ies) are registered with HM Revenue & Customs for anti money laundering (AML) purposes if applicable.

Money Laundering Regulations 2017

The following business activities of Member firms of Propertymark are caught by the Money Laundering Regulations (but see links below to HMRC for full definitions):

What You Should Do

HMRC is responsible, as supervisors for Estate Agents, TCSP and other business areas, to ensure that companies they supervise are complying with their obligations under the legislation and they maintain a register of their supervised population.

We require you to submit confirmation of your registration with HMRC. This could be an HMRC AML reference number or other supporting documentation from HMRC. 

Register with HMRC

We are intent on ensuring all of our Divisional Members comply with the requirements of the legislation and maintain the standards that we expect of them for the benefit of our membership as a whole. 

Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT)

We ask that all Principal, Partner or Director member firms, excluding those that are purely involved in residential lettings, complete our AML & CFT Questionnaire.

This is so that we can gain an understanding of your level of compliance so that we can provide advice and support if it’s required.

Download the questionnaire

Money Laundering Reporting Officer

Under the Regulations, you're required to nominate a person within your business to act as a Money Laundering Reporting Officer (MLRO) and a Deputy, where applicable.

We would like to know the contact details of the MLRO within your business to make it easier for you to keep up-to-date with any legislation updates and other useful information.

We have a form that can be downloaded that asks for the company legal name plus the title, name, address, email and telephone number of the Money Laundering Reporting Officer plus the Deputy.

Download the form