Letting Agent Sanctions Reporting Update May 2025

Letting agents in both England and Wales now face expanded compliance responsibilities under new Office of Financial Sanctions Implementation (OFSI) regulations. As of May 14, all letting agents are officially classified as "relevant firms," meaning they are now subject to mandatory financial sanctions reporting duties.

Failure to comply with these obligations can result in serious consequences, including fines or imprisonment.

Have a read of our earlier article that outlines the new requirements now in force, offers practical guidance for compliance, and explains how to protect your agency. Stay up to date to ensure your business meets UK financial sanctions laws and avoid costly penalties.