Letting & Estate Agents

Contact us

About This Sector

Property is a prime target for money laundering, and the compliance burden on agents has grown accordingly. Estate agents have long been within the Money Laundering Regulations; letting agents now face their own registration and sanctions obligations, and enforcement in the sector is active, with HMRC regularly publishing penalties against non-compliant agents.

We make letting agent AML compliance and estate agent compliance manageable: registration, frameworks, screening and training, delivered in plain English by consultants who understand both the rules and the realities of running an agency.

Contact us

Common Challenges for Letting & Estate Agents

Knowing which obligations apply

Estate agency and letting agency activity are treated differently under the regulations, and many agencies do both. Understanding where registration, due diligence and reporting obligations bite is the essential first step.

HMRC registration

Agents within scope must register with HMRC before trading, and operating unregistered attracts significant penalties.

Sanctions obligations

Letting agents and estate agents have financial sanctions duties, including reporting to OFSI, that apply to every business regardless of size, and many agents remain unaware of them.

Making compliance workable

Customer due diligence on buyers, sellers, landlords and tenants must happen inside a fast-moving sales and lettings process, without grinding deals to a halt.

How We Help

Contact us

HMRC MLR Registration

End-to-end support with registration, renewals and fit and proper requirements.

AML Framework

Risk assessments, policies and procedures built for property businesses and the transactions you actually handle.

PEP & Sanctions Screening

Practical screening processes and OFSI reporting procedures that meet your obligations without slowing your pipeline.

How It Works

We start by reviewing your agency’s activities, sales, lettings, property management, and mapping the obligations that apply. We then close the gaps in order of risk: registration first if you are not yet registered, then your framework, screening and training. The result is an agency that can evidence its compliance to HMRC, OFSI or any landlord or lender who asks.

Contact us

Our Clients Say

Fantastic service and support! I cannot recommend enough, Alumni Compliance were always on hand and ensured our journey through a very complex process was simple and straight forward.

William Colthart, Director

Our Clients Say

Alumni is a professional firm. They supported us all the way and were very responsive. We managed to get authorised by the FCA quicker than planned. Definitely recommended for any firm looking for FCA Authorisation or compliance in general.

Mohammed Ragab, Director, AMS Cars Ltd

Frequently Asked Questions

Letting agency businesses within scope of the Money Laundering Regulations must register with HMRC before carrying on relevant activity. Even agents outside registration scope still have financial sanctions obligations, so no letting business can ignore compliance entirely.

Estate agents must carry out customer due diligence on their clients, and on the counterparty to a transaction, alongside a business-wide risk assessment, written procedures, record-keeping and staff training.

Letting agents must report to OFSI where they know or suspect a landlord or tenant is a designated person, and these duties apply regardless of rent value. A simple, documented screening process is the practical way to meet them.

Talk to us today

FCA regulation and compliance can be complex, but we will help you navigate the process, allowing you to expand your business and create new revenue streams.

Contact us to talk to our friendly team about your requirements.

    We value your privacy

    Home   /   Retail Authorisation   /   Letting & Estate Agents

    We track how people interact with our online web content and resources, and some of that tracking involves storing cookies on your device. By continuing to use our site you accept that you agree to this. For more details see our Privacy Statement.

    Ok