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U.K.: OFT changes Anti-Money Laundering for estate agents

By  |  October 3, 2012
U.K.: OFT changes Anti-Money Laundering for estate agents

Changes to the Anti-Money Laundering (AML) Regulations mean that UK-based estate agents who assist clients to buy or sell overseas property must comply with the regulations from 1 October 2012 and register as soon as possible. Those that fail to do so may be subject to a fine or face prosecution. The changes to the Regulations will help to deter, detect and disrupt financial crime by reducing businesses vulnerability to being used for money laundering or the financing of terrorism.

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