The AML golden triangle: aligning tech, people, & process in property transactions

On the latest episode of Landmark Talks Property, we were joined by OneSearch Client Relationship Manager John Margett and Tom Lyes, Head of Legal at Armalytix, to take a deep dive into the complexities surrounding Source of Funds (SoF) and Anti-Money Laundering (AML) guidance within the legal sector, particularly for conveyancing.

The conversation unpacks the crucial ‘golden triangle’ of technology, people, and processes, emphasising that all three must be harmoniously integrated and invested in for effective AML. Tom shares his perspective on how the residential property sector has notably adapted to tightening AML pressures, even setting a precedent for other industries. Looking ahead, the discussion touches on the future of AML, including reducing duplication, the continued evolution and wider adoption of technology, the potential of Open Finance, and the ultimate aim of making UK property a robustly defended hard target against illicit funds.

To watch the webinar which accompanies this audio podcast, please click here.

To listen to more Landmark Talks Property episodes on Spotify, click here.

To find out more on Armalytix please visit ⁠armalytix.com