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Lettings Spotlight: financial sanctions reporting obligations
Letting agency businesses across the UK need to work to a new framework from 14 May 2025 under the Sanctions and Anti-Money Laundering Act 2018, and it is vital that every agent understands the rules and adjusts working practices and systems accordingly. Through our vast network of members, some confusion has been highlighted around the rules, and we have produced resources to navigate the requirements.
Shaping Wales's rental future: Propertymark's response to adequate housing proposals
One of the key themes of the White Paper is the Welsh Government’s commitment to achieving housing adequacy — a concept that includes affordability, security, and access to quality housing. While Propertymark agrees with this goal and supports enshrining housing adequacy as a human right in Welsh law, we have urged policymakers to focus on pro-growth policies rather than introducing restrictions that will force landlords out of the market.
Fact sheet: UK sanctions reporting obligations
Under the Sanctions and Anti-Money Laundering Act 2018, the UK Government introduced a new regime of issuing financial sanctions following the UK’s departure from the European Union. Under the Act, businesses specified in the Act have to report to the OFSI if they suspect they are engaging with a client who is under financial sanctions.
Areas of agreement won't stop campaign for balanced reform
The Welsh Government’s response to the Local Government and Housing Committee's report on the Private Rented Sector (PRS) demonstrates alignment with Propertymark on key areas, such as the importance of the sector, the need for better data, and support for landlords and tenants.