Money Laundering
(asked on 17th July 2018) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will bring forward legislative proposals to extend the provisions of the Money Laundering Regulations 2017 to include the conduct of letting agencies.
This question was answered on 25th July 2018
The EU’s Fifth Anti-Money Laundering Directive (5AMLD) requires EU Member States to extend the scope of their anti-money laundering (AML) regimes to estate agents that are letting property for a rent of over €10,000 per month.
The transposition deadline for 5AMLD is January 2020. As this falls within the Implementation Period, the UK will transpose this Directive.