The aim of this report is to test the above hypothesis. In order to achieve this, the obligations of the auctioneers in respect of forestalling and preventing money laundering offences must be examined. This will be achieved by investigating the latest legislation and regulations on money laundering in the United Kingdom. As the legislation has been developed for some time, the research will investigate old legislation beforehand. The impact of the new legislation on property industry as a whole and auction market particular will be examined. Property areas will be identified.