Fraud, AML and Sanctions Risk in Commercial Property and the Real Estate Sector

In this course, you will learn: 

• the risks associated with the property sector 
• why solicitors may be used as ‘professional enablers’ in criminal transactions  
• different types of fraud typologies and techniques 
• solicitors’ due diligence obligations 
• the importance of confirming both source of funds and source of wealth 
• when enhanced due diligence is required 
• how to report suspicions of money laundering, terrorist financing or sanctions breaches 
• the requirements of HMLR’s digital identity standard 

After completing this course, you will be able to: 

• recognise how solicitors are used as ‘professional enablers’ in fraud and money laundering  
• understand the key fraud risks in the property market  
• understand how the property market can be used as a vehicle for money laundering  
• recognise the red flags for property fraud and money laundering  
• identify the key requirements of the HMLR digital identity standard and the UK Finance Mortgage Lenders’ Handbook 

Course format 

This interactive online training consists of the following elements. An interactive course presentation, with a variety of knowledge checks spaced throughout, to test understanding of the material as the learner progresses. 

Online accessibility 

Our modules conform to Web Content Accessibility Guidelines 2.1. However, some members may require an alternative version for accessibility purposes. This is available upon request via our contact us form. 

Assessment 

In order to pass the assessment, you must achieve a mark of 70%. The knowledge checks included in the course presentation are intended to aid your understanding of the content and offer the opportunity to apply your knowledge. They do not form part of the assessment. 

Length 

The course will take approximately 30 minutes to complete, excluding assessment.