UK Property Agents Face Rising AML Compliance Costs
Six in ten UK property compliance leaders expect higher AML budgets, while 63% work weekly overtime, reports Thirdfort.
UK property agents are bracing for higher anti-money laundering (AML) costs as regulatory compliance demands intensify across the sector. According to a report by Thirdfort, six in ten property compliance leaders expect their AML budgets to increase in the coming period. This financial pressure reflects the growing complexity of regulatory requirements that estate agents must meet to remain compliant.
The human cost of these intensified demands is also significant. The same data from Thirdfort reveals that 63% of property compliance professionals report working overtime every week. This widespread overtime indicates that current staffing levels are insufficient to handle the volume of AML checks and documentation required by law.
For the UK property market, these trends suggest that compliance will remain a major operational focus. As budgets rise and staff work longer hours, agencies must balance regulatory adherence with service delivery. The industry is clearly adapting to a stricter compliance environment that prioritizes financial crime prevention.