Letting Agent Sanctions Reporting

Letting Agents at risk of £1 million pound fine from May 2025?

Letting agents in both England and Wales face expanding compliance responsibilities under new Office of Financial Sanctions Implementation (OFSI) regulations. Effective May 2025, all agents will be classified as "relevant firms" with mandatory reporting duties. Ignoring these obligations could lead to severe penalties, including fines or imprisonment.

This article explains the updated requirements, practical steps for compliance, and how to protect your agency. Stay informed to safeguard your business and ensure compliance with UK financial sanctions laws.

Read on to learn more!