Estate agents' compliance teams face rising workloads and overtime

New research reveals pressure on law firm compliance teams - The Conveyancing Association

Thirdfort research shows compliance leaders go above and beyond amid tough conditions New research from client due diligence platform Thirdfort reveals that law firm compliance teams are under pressure. Some 32% of compliance leaders in law firms surveyed reported having to work overtime at least two days a week to handle issues related to anti-money laundering compliance requirements. Just over a quarter (26%) of compliance leaders say their wo…

Estate agents' compliance teams face rising workloads and overtime

Estate agents’ compliance teams have seen their workloads increase, according to research from Thirdfort. Last year, 40% of compliance leaders said they felt overwhelmed, and 34% reported working overtime every week to keep up with anti-money laundering (AML) checks. Despite the heavier workload, 54% of compliance leaders said compliance is well understood in their agency.  However, 32% expected their firm to cut back on anti-money laundering co…