first_imgPurplebricks has been given a £266,973 fine by HM Revenue & Customers for breaches of money laundering rules, the largest ever given to a UK estate agency.This follows the £215,000 fine given to Countrywide in March last year for similar offences.Purplebricks has issued a statement saying the breaches took place in 2018 and that it has reviewed its processes since then and “improved our compliance procedures”.The company is one of ten to have their fines published by HMRC for the period 1st August 2019 to 31st January 2020 although it received by far the largest. Laxmi Jewellers, which received the next biggest fine, received a penalty of £23,142.Purplebricks is the only stock market listed company on the list which includes mostly small accountancy firms, a car dealer and several firms that help set up trusts and companies for clients.BreachesAn HMRC statement says that: “These breaches [by Purplebricks] are failures in having the correct policies, controls and procedures, conducting due diligence and timing of verification.”As a supervisor of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, which came into effect on 26 June 2017, HMRC has a duty to publish details of businesses that do not comply with the regulations and are registered with HMRC for anti-money laundering supervision.An HMRC spokesperson says: “Money laundering funds serious and organised crime and costs the UK economy billions of pounds every year. The money-laundering regulations are a vital line of defence against that.”aml fine Purplebricks fine HM Revenue & Customs HMRC anti money laundering August 18, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Purplebricks given largest ever AML fine for an estate agency previous nextRegulation & LawPurplebricks given largest ever AML fine for an estate agencyThe hybrid’s sloppy compliance procedures are slammed by HMRC who have given the agency a larger fine than even Countrywide’s £215,000 AML penalty of last year.Nigel Lewis18th August 202003,536 Viewslast_img read more


first_imgSt. Louis School student council members with members of the Batesville Fire DepartmentAssistant chief of the Batesville Police Department and St. Louis alumni Brad Wessel with Maggie Beiser and Lilly Schebler Batesville, In. — Members of the St. Louis School student council showed their support for police and fire on September 11 by dropping off four dozen donuts and platters of homemade goodies.The students stopped at both departments to share the treats and American flag cards made by Evelyn Storms and signed by the student body. The initiative is part of teaching the children the historic timeline of events but also the compassion and empathy shown by first responders.last_img


first_img Ryder Cup player Chris Wood went back to his roots over the Christmas break to share his skills and experience with the Gloucestershire U18 boys’ squad. The teenagers included Jack Cope of Minchinhampton, who is a member of the England Golf boys’ squad, and Gloucestershire U18 captain Matt Bell. Wood, the reigning BMW PGA champion, was England’s top amateur for two years before embarking on his successful professional career. He comes from Long Ashton Golf Club in Gloucestershire and well remembers his county days. He said: “The experience of the Gloucestershire Golf Union (GGU) provided a stepping stone for me to becoming a professional golfer. It wasn’t just the golfing experience that I relished, it was also the friendships I formed. In fact I’m still really good friends with some of the guys I played county golf with 10 years’ ago.  “It’s great to see the coaching programmes in which the GGU is investing to support our talented young players. I was in this position 10 years ago and I’m sure the goal of the GGU is to produce more and more European Tour players in the future.” Wood was one of a number of current and past European Tour players who turned out at the squad get together at Burnham & Berrow Golf Club in Somerset. Among them was former Tour player Stuart Little who said: “In 2003, I was playing in the same winter get together with Chris Wood when he was in the GGU U18 squad. It’s great to see how well he’s done and some-one of his stature magnanimously giving back to his grass roots is inspirational. It’s also a great opportunity for our junior squad to see how good you need to be to make it in golf.” Gary Ward, U18 squad manager added: “The Christmas get-together underpins the ethos of the GGU where we bring together the sum of the past and the present to create an environment of learning for the future.” Captions: Top, Chris Wood is pictured with (left) Jack Cope and (right) Matt Bell, Gloucestershire U18 captain. Below Chris Wood with other professionals and the Gloucestershire U18 Squad. 3 Jan 2017 Chris Wood goes back to his roots last_img read more