Coadjute has announced a strategic shift towards full-service anti-money laundering (AML) compliance and has appointed property expert and TV presenter Phil Spencer to help as an ambassador.
Coadjute says it plans further announcements in the coming months as it expands its compliance capabilities to be at the centre of combating financial crime.
Dan Salmons, Chief Executive of Coadjute, said, “Screening is not the same as anti-money laundering. Regulation requires firms to understand and manage risk, not just confirm someone has a passport and a bank balance. Property is attractive to criminals because it is high-value, complex and historically fragmented. If compliance is treated as a box-ticking exercise, gaps emerge, and those are the gaps bad actors exploit.”
Salmons added, “As government looks to modernise the homebuying process, strengthening AML and data sharing must be central to reform. If we want faster transactions and greater confidence, we need stronger foundations at the start.”
Spencer said, “Buying or selling a home is one of the biggest financial decisions most people will ever make. Trust in that process is essential. Strengthening compliance isn’t about red tape, it’s about protecting consumers and the integrity of the market.”
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