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<p>The Government will consult this year on transposing the 4th EU Money Laundering
Directive in order to comply with the revised global standards of the Financial Action
Task Force. We will use this to consult on other changes to improve the effectiveness
of the UK’s anti-money laundering and counter terrorist finance regime, including
whether or not to require estate agents to conduct due diligence on the buyer as well
as the seller of a property.</p><p> </p><p> </p><p> </p><p>The Government is committed
to protecting the financial system and national security, through effective and proportionate
use of financial sanctions, anti-money laundering, counter-terrorist and proliferation
finance measures. All those dealing with property transactions in the UK, including
banks, lawyers and estate agents, are required to actively detect and prevent money
laundering including reporting suspicious activity to the National Crime Agency and
conducting customer due diligence using a risk-based approach.</p><p> </p><p> </p><p>
</p><p><strong> </strong></p><p> </p><p><strong> </strong></p><p><strong><br> </strong></p>
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