Iamproperty smell the difference whitepaper SMC V003 - Flipbook - Page 8
8
Managing AML compliance
Managing AML compliance
Some Estate Agents still believe a simple ID check is
sufficient and the vast majority were confident their
instincts would detect money laundering within a sale.
88% of Estate Agents
believe their instincts
are reliable in detecting
money laundering in a
property sale.
3 in 10 Estate Agents think just carrying out a
single ID check during a sale is a sufficient
check to prevent money laundering.
Almost a third of Estate Agents were still
managing their compliance manually and
relying on their instinct to flag concerns with
an aspect of a sale.
Almost 90% of Estate Agents believed their
instincts alone were reliable in detecting
money laundering.
