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Anti-money laundering experts SmartSearch say the ‘anomaly’ where developers selling homes on their own sites do not have to be registered for anti-money laundering purposes whilst estate agent selling the same homes must is ‘opening the gates’ for criminals. Managing director, Martin Cheek,


Martin Cheek


said: “Whilst developers may not meet the definition of an estate agent under S.1 of the Estate Agency Act 1979, they are still, without doubt, selling property on a commercial basis so should, therefore, be following the money-laundering regulations. By not requiring developers to be AML registered, we are opening the gates for money launderers. “The UK property sector is already one of the biggest


targets for money launderers; loopholes like this make it even more vulnerable.”


Webio, in conjunction with Spreedly, has won the 2019 Innovation Lab Award at the PaymentsEd Forum in San Francisco for WebioPay Conversational Payments. “This year saw a record number of delegates voting and this makes


the win that extra special. With the functionality, ease of set-up, and great customer experience, WebioPay was tested and experienced first-hand by payment professionals from around the world and they gave us their number one vote and we are delighted,” said Paul Sweeney, EVP product at Webio. “WebioPay conversational payments is our latest product and it


is all about mobile PCI compliant payments and processing into any customer messaging conversation via ‘blended AI’ chatbots and live-agents. Powered by our partner Spreedly, this integration enables our clients to launch a complete, seamless payments solution to transact with over 120+ PSPs in a few simple steps.”


TriLine GRC and 1st Stop Group have been named as finalists in the 2019 UK Credit & Collections Technology Awards. Investment in TriLine’s fully integrated GRC and SMCR solution forms part of 1st Stop Group’s commitment to further enhanced governance culture, systems, and controls in preparation for the FCA’s new accountability regime. The TriLine solution will future-proof 1st Stop’s approach, using


technology to move away from manual processes and controls, enabling them to further evidence regulatory compliance. Director-sales, UK & Europe, Ian Wilson, said: “It is an exciting


time for TriLine GRC as we have a unique offering to the financial- services sector, we are looking forward to the year ahead and our ongoing partnership with the 1st Stop Group.”


New figures released by the Finance & Leasing Association (FLA) show that the number of second-charge mortgage repossessions, in the second quarter of 2019, was 24, 38.5% lower than in the second


46 www.CCRMagazine.com September 2019


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