2023
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Art Market Participants (AMPs) tuned in to AML webinar to learn more about HMRC Interventions
- October 3, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
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Art Market Participants (AMPs) tuned in to AML webinar to learn more about HMRC Interventions Art Market Participants (AMPs) registered in the masses to attend last week’s webinar (26.09.2023) on the timely subject of HMRC Interventions and Avoiding Penalties from FCS Compliance Art Division. Missed the webinar? Catch up here. Held live on Tuesday 26
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Rightmove: Are you ready for an HMRC inspection? Watch the webinar recording
- July 30, 2023
- Posted by: FCS Compliance
- Category: News, Property Market
On Wednesday 19th July, Rightmove agents heard from Lead AML Consultants, Malcolm Driscoll and Caroline Walters, in a live Q&A webinar on the hot topic of HMRC inspections. On top of this invaluable Q&A session, Rightmove agents got to hear Malcolm and Caroline’s expert views on: • The essential aspects of the Money Laundering Regulations•
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Property Market News: HMRC issues £3.2 million in money laundering penalties
- July 14, 2023
- Posted by: FCS Compliance
- Category: Blog, News, Property Market
Property Market News: HMRC’s Latest Fine List Totals £3.2MWritten by Caroline Walters, Lead AML Consultant, FCS Compliance HMRC has published details of the latest businesses fined for breaching anti-money laundering (AML) rules. The HMRC list, which includes the publication of estate agency fines, shows that the sector accounts for the largest number of AML fines
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AMPs: What is ‘a linked transaction’? and Why should you care?
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, Blog
Two Common Questions: What is ‘a linked transaction’? and Why should you care?Written by Paula Trommel, Head Advisor for FCS Compliance – Art Division It is easier to answer the second question than the first… Why should an art market participant (AMP) care whether an art market transaction is linked? Because… failure to detect a
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AMPs: Economic Crime Levy
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
AMPs: Economic Crime LevyWritten by Rena Neville, Head of FCS Compliance – Art Division Many Art Market Participants (AMPs) have received notices from HMRC about the Economic Crime Levy, which was introduced as part of the Finance Act 2022. This is a levy on certain AMPs (those subject to the UK Money Laundering Regulations). Specifically,
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Art Market News: HMRC’s latest fine list totals £3.2m
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, News
Art Market News: HMRC’s Latest Fine List Totals £3.2mWritten by Rena Neville, Head of FCS Compliance – Art Division HMRC recently released a list of 240 of their supervised businesses that suffered fines totalling £3.2m for breaching the UK Money Laundering Regulations. The penalties were assessed between 1 July and 31 December 2022. In addition
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AML Supervision Reform Webinar 13.07.23
- July 13, 2023
- Posted by: FCS Compliance
- Category: News
AML Supervision Reform webinar – 1:00pm on 13.07.2023 HMRC held an AML Supervision Reform webinar at 1:00pm on 13 July. They were informing supervised businesses about the outcome of a consultation they held following the publication of the 2022 review of the UK’s AML/CTF regulatory and supervisory regime. They discussed what they intended to do
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Meet Leah Ryan – AML Consultant, FCS Compliance
- July 10, 2023
- Posted by: FCS Compliance
- Category: Blog, Promotion, Property Market
Find out more about the AML experts at FCS. In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Leah Ryan – AICA (KYC/CDD): Today I’m with Leah Ryan, AML consultant with FCS Compliance. It’s lovely to see you. You’ve been working for the company since August 2022. How has the
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FCS experts answer AML questions in live Q&A webinar to help Rightmove agents prepare for HMRC inspections
- June 6, 2023
- Posted by: FCS Compliance
- Category: News
On Wednesday 19 July, FCS Compliance returns to the Rightmove Hub for a special Q&A webinar. In this live session, attendees will have the opportunity to put their ant
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How important is it for AMPs to maintain appropriate AML records?
- April 25, 2023
- Posted by: FCS Compliance
- Category: Uncategorized
How important is it for Art Market Participants (AMPs) to maintain appropriate AML records? Written by Rena Neville, Lead AML Consultant, FCS Compliance, Art Division The short answer? It is very important to keep appropriate AML records, as failure to do so may be a crime. The following Q&A delves into this further: Is HMRC
