- May 22, 2021
- Posted by: FCS Compliance
- Category: Press
With property fraud on the risk and an ever-increasing number of transactions taking place in the lettings sector, having strict anti-money laundering (AML) processes and protections in place has become more important than ever as the private rented sector continues to grow in size.
In this Q&A, the EAT & LAT team speak to Jerry Walters – managing director of FCS Compliance and a man who has over 30 years in financial fraud and crime enforcement including a quarter of a century of work for the City of London and Thames Valley Police – about why letting agents need to act fast to become AML-compliant and the potential consequences for those who don’t play by the rules.