AML & Sanctions Compliance

At Cannon Property Management, we prioritise the safety and trust of our clients. As a fully compliant property management company, we are dedicated to upholding the highest standards in preventing money laundering and ensuring full adherence to financial sanctions regulations.

Why Compliance Matters

The UK property market is governed by stringent anti-money laundering (AML) and sanctions laws. Recent updates on 14 May 2025  expanded obligations for landlords, letting and management agents. These changes now require all firms—regardless of property value or rental amount—to conduct thorough due diligence and report suspicious activity to the authorities.

We don’t just follow these rules—we lead with integrity, ensuring that all client interactions are secure, lawful, and fully compliant.

What This Means for You

Whether you’re a landlord, tenant, investor, or corporate client, here’s how we protect your interests:

  • Thorough Client Verification: We verify the identity of all clients, including tenants and landlords, to prevent fraud and illicit activity.

  • Transparent Processes: All transactions are reviewed to ensure they align with legal and regulatory expectations, including updated UK sanctions rules.

  • Risk-Based Approach: We assess risk levels based on client profiles, locations, and transaction complexity—ensuring the right level of due diligence every time.

  • Secure Reporting: If we suspect criminal or sanctioned activity, we are legally obligated—and prepared—to report it directly to the National Crime Agency (NCA) or Office of Financial Sanctions Implementation (OFSI).

Key Compliance Updates (Effective 14 May 2025)

  • No Rent Threshold: AML checks now apply to all tenancy agreements.

  • Letting Agents Defined as “Relevant Firms”: Under sanctions legislation, letting agents are now classified as ‘relevant firms’, subject to the same duties as estate agents, law firms, and financial institutions in terms of identifying and reporting designated persons.

  • Mandatory Reporting: Firms must report to OFSI immediately upon knowledge or suspicion that a client is a designated person or has breached sanctions regulations.

These changes strengthen the integrity of the UK property sector—and we’re proud to be ahead of the curve.

How You Benefit

  • Faster Onboarding: Efficient due diligence systems streamline the onboarding process.

  • Peace of Mind: Work with a fully compliant partner committed to safeguarding your interests.

  • Clear Guidance: Receive transparent communication throughout your property journey—from lettings to management.

Compliance Integrated into Our Services

Our trained team handles AML and sanctions obligations as part of every service we offer:

  • Residential Property Management

  • Lettings Services for Landlords and Tenants

  • Investment Support for UK and Overseas Buyers

We provide seamless support while protecting your interests—and the wider property sector.

Questions or Concerns?

We’re here to help. If you’d like more information about our compliance procedures or how they apply to your property transaction, please contact our compliance team at compliance@cannonpm.com or speak directly with your account manager who can pass you to our AML specialist.