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As 2025 comes to a close, HMRC’s intensified approach to AML supervision has reshaped compliance expectations across the UK property sector. Estate agents, brokers, and developers have faced heightened scrutiny, more inspections, and a notable rise in penalties — particularly…
The UK prime property market continues to attract high-net-worth individuals, international buyers, and sophisticated investors. But this demand also brings elevated money-laundering risk. Prime real estate remains one of the most attractive channels for moving high-value illicit funds — and…
Effective 28 January 2026 The UK government has announced that from 28 January 2026, it will consolidate its current two sanctions lists into a single list. This means all sanctions designations — whether financial, trade, transport or immigration-related — will…
As the Financial Conduct Authority (FCA) prepares to become the UK’s single anti–money-laundering (AML) supervisor, firms across every regulated sector — from property and law to finance, art, and crypto — should prepare for tougher expectations around identifying and escalating…
The UK Government has confirmed plans to appoint the Financial Conduct Authority (FCA) as the single professional services supervisor for anti-money laundering (AML) and counter-terrorist financing (CTF). This reform will replace the current patchwork of supervisors such as HMRC and…
The 2025 National Risk Assessment of Money Laundering and Terrorist Financing (NRA) confirms that the UK property market remains a prime target for illicit finance. Despite greater transparency and enforcement, criminals continue to exploit both high-value and everyday transactions to…
On 10 September 2025, the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, announced a monetary penalty of £152,750 against Colorcon Limited, a UK-registered company and subsidiary of Colorcon Inc. The case highlights how UK businesses remain exposed…
On 8 September 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published a report into breaches of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 by Vanquis Bank Limited (VBL). While no monetary penalty was imposed, the case was assessed…
The UK’s Office of Financial Sanctions Implementation (OFSI) has just released a crucial new threat assessment for Art Market Participants (AMPs) and High Value Dealers (HVDs). Whether you’re a gallery, auction house, fine wine trader or jewellery dealer, these updates…
1. A Wave of Fines in the Solicitors Sector Since the start of the year, the SRA has significantly stepped up enforcement of anti‑money laundering rules: The core compliance failures across these cases consistently involve: 2. The SRA’s Tough Message…