An anti-money laundering (AML) expert has queried why there is a reluctance among estate agents to accept and follow AML responsibilities.
It comes as HMRC figures showed more than 200 estate agency businesses were fined for anti-money laundering (AML) failures between April and September 2023.
The latest data from HMRC shows 254 estate agency business were fined a more than £1.6m for failing to register, or re-register with them for AML.