News that HMRC is investigating Estate Agents who fail to comply with anti-money laundering regulations will be viewed with a certain wryness by lawyers who have constantly borne the brunt of these stringent regulations.

In the wake of the recent decisions in the Dreamvar case, they may feel it is not before time that this burden should be shared. However, with the property market in London in particular showing a slowdown, the agents will not be having a happy time. We live in interesting times.