The Guild of Property Professionals is celebrating the resounding success of its recent webinar series focused on upcoming Financial Sanctions legislation, which saw impressive engagement with over 450 Members participating throughout April. Hosted by Guild Compliance Officer Paul Offley, the sessions provided crucial, timely guidance for lettings agents preparing for new compliance requirements.
The webinars addressed the significant changes impacting the lettings sector, specifically the new requirement effective from 14 May 2025 for all lettings agents to conduct UK Financial Sanctions checks and report suspected breaches to HM Treasury’s Office of Financial Sanctions Implementation (OFSI).
Led expertly by Paul Offley, the informative sessions covered key areas vital for Member preparedness, including:
• A clear explanation of Financial Sanctions and why lettings agents are now included in the scope.
• Practical demonstrations on how required checks can be effectively carried out.
• An outline of the serious implications and potential penalties for failing to comply.
• A dedicated Q&A segment allowing Members to address specific concerns directly with the Compliance Officer.
“The introduction of these new regulations is a significant change for the lettings sector, and it was vital that our Members were fully prepared,” said Offley. “The high attendance across the April webinars, with over 450 Members joining us, demonstrates the importance of this topic and our Members' commitment to upholding the highest standards of compliance. We are delighted with the positive engagement and feedback, reinforcing The Guild's role in providing timely and essential support.”
This successful webinar series underscores The Guild's ongoing commitment to supporting its network. By equipping Members with the necessary knowledge and tools, The Guild helps them navigate complex regulatory landscapes confidently, maintain compliance, and mitigate potential risks associated with the new Financial Sanctions regime.
Failure to comply with the upcoming legislation could result in serious consequences, including substantial fines or legal action. The proactive education provided through these webinars ensures Guild Members are well-positioned to implement the necessary procedures ahead of the deadline.
