Agents subject to Anti-Money Laundering regulations on overseas property

To date around 7000 estate agents and 6000 consumer credit lenders have registered with the OFT under AML regulations.

David Fisher, OFT Director of Anti Money Laundering, said: "The changes to the Regulations will help to deter, detect and disrupt financial crime by reducing businesses’ vulnerability to being used for money laundering or the financing of terrorism."

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