Be in the know, learn about the new financial sanctions reporting obligations from the Office of Financial Sanction Implementation (OFSI) coming into force on 14 May 2025 with this vital webinar.

The OFSI regulation change will bring all letting agents into scope, regardless of the property's rental value, so it's critical that you take the necessary steps to mitigate the associated risks involved to protect your business.

Highlighting the potential risk, in recent days OFSI issued a significant fine on a regulated business for non-compliance with the UK’s financial sanctions regime:

“This penalty demonstrates OFSI’s firm commitment to pursuing financial sanctions breaches wherever they occur. From the largest institutions to the smallest, everyone has an obligation to comply with the UK’s financial sanctions regime. OFSI is prepared to utilise the full extent of its statutory powers to pursue those who commit serious breaches of financial sanctions.”  - Source GOV.UK

Your hosts, Malcolm Driscoll and Stephen Williamson will talk you through:

• How to prepare for the new sanctions obligations in lettings, including the checks involved and the reporting requirements
• What agents must now report to OFSI 
• Upcoming changes to Companies House
• The latest updates from HMRC in relation to fines
• A reminder of the latest HMRC standards and how to stay compliant
  

As always, attendees will be invited to ask questions during the Q&A session and we will endeavour to answer as many of these as possible during the live event.