Coadjute has announced a strategic shift towards governance-led anti-money laundering (AML) compliance – positioning itself as a dedicated Governance, Risk and Compliance (GRC) platform for estate agents and conveyancers.
The move comes as regulatory scrutiny intensifies across the property sector, which the UK Government’s National Risk Assessment has identified as high risk for money laundering, with an estimated £10bn laundered through UK property each year.
HMRC enforcement activity and regulatory expectations have continued to rise, with firms required to demonstrate a clear, risk-based approach to compliance rather than relying solely on basic screening checks.
As part of the repositioning, Coadjute has appointed property expert and broadcaster Phil Spencer (main picture, inset) as its official ambassador to promote higher professional standards and reinforce governance as a commercial strength.
COMPLIANCE CHALLENGE
Spencer says: “Trust is fundamental in property. As financial crime risks evolve and regulatory expectations increase, compliance has become a significant challenge for the industry.
“Coadjute recognises that pressure and takes the burden off property professionals, enabling them to manage compliance to the highest standards so firms can focus on serving their clients with confidence.”
Coadjute says its Assured Compliance service combines technology with regulatory expertise to manage identity verification, source-of-funds checks, enhanced due diligence and ongoing monitoring within a structured governance framework.
HIGH-RISK SECTOR
Dan Salmons, chief executive of Coadjute, says: “Property remains a high-risk sector for money laundering, and expectations of professional oversight are rising. Regulators are clear: firms must take a risk-based approach.
“Yet much of the market still equates compliance with screening. Screening is a starting point, it is not governance. It does not replace policy, oversight, escalation frameworks or audit readiness.
“By sharpening our focus on governance-led AML, we are helping professionals operate with greater certainty and confidence. Compliance can no longer be treated as a checklist or a software purchase.”
He adds: “Our mission is to deliver confidence in every property transaction, built on strong governance from the start.”
