Money Laundering: Estate Agents

(asked on 18th July 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to update the guidance on the 2017 money laundering regulations for estate agents.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 26th July 2018

HMRC, as the anti-money laundering supervisor for estate agents, drafts the guidance on how to apply the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The estate agency guidance was updated after the 2017 regulations came into force and is available in draft.

Both HM Treasury and HMRC are working closely with industry representatives to ensure that the guidance is finalised as soon as possible and that it is effective and fit for purpose.

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