01/05/2025
🚨 The Office of Financial Sanctions (OFSI) rules for letting agents go live May 14, 2025. These rules require letting agents to report known or suspected financial sanctions breaches by landlords and tenants.
Griffin got together a team of experts from Kerfuffle, Calmony.co, CMS UK and Griffin to discuss how letting agents can get ahead of their reporting obligations quickly and compliantly.
In this chat, they discuss:
▪️ the new regulations and reporting obligations.
▪️ the steps letting agents should take to ensure compliance and minimise operational disruption.
▪️ the triggers to lookout for when dealing with landlords and tenants.
▪️ the "rich uncle" blind spot—addressing vulnerabilities where payments come from third parties who were not covered in initial tenant checks.
▪️ what letting agents need to know about prosecution and liability.
▪️how to turn compliance into opportunity, pass on costs and generate revenue.
▪️ how your banking technology can enable better visibility of payment sources.
🖥️ Watch now https://www.youtube.com/watch?v=kxb_BulOpfM
hashtag hashtag hashtag
