NAEA Propertymark comments on today’s written statement on the registers of beneficial ownership

NAEA Propertymark comments on written statement on registers of beneficial ownership in light of the report on Russian interference in British politics.

“I unequivocally welcome the government’s commitment to combatting exploitation of the property market and encourage them to ensure the register is as thorough and robust as possible. Property is often seen as a gateway to money laundering and it is essential that estate agents are aware of their duty in carrying out the right checks and reporting any suspicious activity. Having sat on the Economic Crime Strategic Board, I am pleased to see the government has taken our call for action seriously and am hopeful that today’s statement will encourage greater diligence in the sector, eliminating any unwarranted interference such as that referenced in today’s Russian interference in British politics report.”

Kindly shared by NAEA Propertymark

Main article photo courtesy of Pixabay