Property Rental Reports

With the recent rise in Tenant/Property Rental frauds, in particular those involving referrencing and personal information, its never been more vital that propper background checks are completed on new tenants.

A background check from REPORTS4™ can fully explore a prospective tenants online footprint, highlighting lifestyle, associations and other information that can risk financial damage to the landlord and reputational damage to your business.

Compliance with government legislation is vital and 2023 saw a 49% increase in anti-money laundering fines for Letting Agents to £5,350. 

AML Compliance

New Anti-Money Laundering (AML) and Financial Sanctions Regulations (FSR) are being introduced for letting agents from the 14th May 2025. The regulations significantly expand compliance obligations and aim to enhance oversight and reduce risks associated with financial crime.

From May 2025 letting agents must comply with financial sanctions regulations. Key requirements include:

• Reporting to the Office of Financial Sanctions Implementation (OFSI) if you know or suspect that a person or entity is a “designated person” under financial sanctions;
• Ensuring reports are made “as soon as practicable.”

Unlike previous AML rules, the €10,000 monthly rent threshold no longer applies for these reporting obligations. This means all letting agency work is covered, regardless of rental value and 

Uses

• Offer to landlords, particularly those with high value properties
• Helps maintain AML compliance

Features & Benefits

• Protect the reputation of the letting agency
• Protect the property of the Landlord
• Highlight AML Red Flags
• View reports online or download
• Fully compliant with GDPR

Further Information:

Financial sanctions guidance for letting agents

Money laundering supervision for letting agency businesses