🏡PROPERTY? GET COMPLIANT OR GET STUFFED ⚠️ I'll never forget that morning in January. A brown envelope from HMRC landed on my doorstep. ✉️ My heart sank when I saw the official government logo. Opening it revealed an investigation notice. They were questioning our anti-money laundering compliance. We had just 14 days to respond before potential penalties. Most sourcers would have panicked - and rightly so. ⚠️ Fines can reach £9,000, enough to close a small business immediately. But I had prepared for this possibility. As a NAPSA (National Association of Professional Sourcing Agents) member with proper procedures in place, I made one call to Tina Walsh. Within 48 hours, the entire case was closed. ✅️ This taught me the critical difference between amateurs and professionals. ❌️ Amateur property sourcers rely on luck ✅️ Professionals rely on systems. ⚠️ Most people think HMRC only targets big fish, but that's dangerously wrong. ⚠️ They're increasingly focusing on property sourcers, no matter how small. ⚠️ The AML regulations are there for a reason - to protect both sourcers and investors. ✅️ To ensure the investor's funds have been gained by legal means. ✅️ To ensure the seller is not trying to 'clean' funds gained illegally. Without proper compliance, you're just one brown envelope away from disaster. This experience confirmed that our decision to invest in proper training and NAPSA membership was worth every penny. Property is becoming more regulated every year, not less. The days of cutting corners are over. The majority of investors don't work with compliant 'portfolio builders'. Work with us and you'll be in ✨️the minority... ✨️the few... ✨️the VIP DM the word VIP

Posted by James Lovell-Smith at 2025-03-29 10:08:44 UTC