Myth Busting: When Deal Sourcers Should Register With HMRC for AML

Sep 21, 2023

In this episode of Myth Busting, Tina Walsh looks at the common question we're asked by property sourcing agents and deal packagers, as to whether they need to register with HMRC for Anti-Money Laundering (AML) if they're not dealing with cash. 

Tina breaks this down into two parts...firstly the mis-information often spread around online through social media and even WhatsApp groups + the dangers that come with this. Also, how it's important to understand your business and what you need to do to make sure it's covered and running compliantly - and not rely on someone else's 'compliance'. 

In this video, Tina also covers the consequences sourcers have faced for now registering with HMRC, and what happened when they got caught! 


If you have any thoughts or concerns about this for your business, please reach out to us at [email protected]

Remember...if you can't afford or allocate the time to set up ALL of your compliance, please do nothing to start - including registering!