Abbey Independent Inventories

Author Tom Entwistle Landlord Zone February 25, 2025 New laws will place extra demands on landlords and letting agents The extra risks associated with letting following the passing of the Renters' Rights Bill later this year will mean extra vigilance if landlords are to avoid trouble. New financial sanctions checks (AML) for letting agencies and landlords are also to be introduced from 14th May 2025 To some extent, as lan...

Published by Letting Agent Today 27th February 2025-by Marc Shoffman Changes to anti-money laundering regulations for letting agents could see more fines as firms struggle to keep up with the changes, it has been warned. As of 14 May, new financial sanctions reporting obligations will come into force requiring letting agents to conduct far stricter AML checks. Agents will need to verify the identity of tenants and landlords, check that they don’t...