- October 4, 2022
- Posted by: FCS Compliance
- Category: News
10am Tuesday 18 October – The Role of Reliance in Anti-Money Laundering
FCS Compliance has announced the latest in its anti-money laundering (AML) series of webinars with Rightmove. The Role of Reliance in Anti-Money Laundering which is free to Rightmove members is to be presented by Malcolm Driscoll, Lead AML Consultant at FCS Compliance, between 10.00am – 11.00am on Tuesday 18 October.
Reliance is central to the AML process but often causes confusion. As Driscoll explains, “Reliance occurs when one property professional relies on another’s customer due diligence (CDD) to meet their own CDD obligations.
“It’s a frequent occurrence, as many agents will recognise, but a far from clearcut process. In this webinar we aim to provide a straight-talking guide to what’s needed to remain compliant, while seeing through a sale or let.”
With over 40 years’ service in the police in the investigation of serious and complex financial crime, Driscoll has an in- depth knowledge of how criminals seek to launder the proceeds of criminal activity on a global scale and has extensive experience working alongside regulatory bodies, including HMRC and the FCA.
The webinar which will include an opportunity to ask questions, will cover:
- The meaning of Reliance
- The practicalities of Reliance on a day-to-day basis
- Common misunderstandings of what Reliance is
- The consequences of incorrect application
- The role of Reliance in a sub-agency relationship
Malcolm will be answering your questions in a live Q&A. Please submit these when you register to get an answer from the expert.
Rightmove members only, registration for the webinar is through the Rightmove Hub here.
Title: The Role of Reliance in Anti-Money Laundering
Time: 10am to 11am
Date: Tuesday 18 Oct
Cost: Free to Rightmove members
Rightmove members will be able to attend this webinar free of charge.
Visit the Rightmove Hub for further details and to register.