Mandatory Sanctions Checking
| Infosheet
With new sanctions legislation coming into force on 14th May, letting agents will face a legal obligation to carry out financial sanctions checks on all new landlords and tenants. This marks a major shift from current best practice to mandatory compliance, with serious penalties for non-compliance, including fines of up to £1 million and potential criminal proceedings.
At The Lettings Hub, we’ve created a simple infosheet that outlines what’s changing, what agents need to do now, and how to ensure checks are completed and recorded correctly.
Through our BOX platform, we’ve already helped agents carry out over 150,000 fully compliant sanctions checks, removing complexity and reducing risk. If you’re still preparing or unsure about your responsibilities, now is the time to act. Read the infosheet and make sure your agency is ready.