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2024

  • Join the Webinar: Legislation, EPC’s & AML, three gifts the industry needs to prepare for

    • November 20, 2024
    • Posted by: FCS Compliance
    • Category: Property Market
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    Our very own Malcolm Driscoll – MA AICA Int. Adv. Cert (AML) – Lead AML Consultant at FCS Compliance, will present his AML expertise at this fantastic, free property webinar on 27 November at 11am, hosted by Reapit and PayProp UK. Sign up for the live webinar here (11am-12pm 27 November) About the webinar: Legislation,

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  • Join us at ArtLogic’s Connect ’24 Event

    • November 14, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog
    No Comments

      Our very own Rena Neville, Head of FCS Compliance Art Division will be an expert panelist at ArtLogic’s Connect ’24 Event, 19 – 21 November. ‘Connecting those who create, sell, and buy art to learn and grow together at the online conference for the art world.’  What to expect Join Connect 2024 to explore

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  • Is It Really HMRC Contacting You? How to Avoid Scammers

    • October 23, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog
    1 Comment

    Written by Rena Neville, Head of Art Division, FCS Compliance Understanding HMRC Communication: A Guide for Businesses In today’s digital age, distinguishing between genuine communication from HMRC and potential scams is crucial. Whether it’s a call, text, or WhatsApp message, being certain of the source is essential for safeguarding your personal and business information. This

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  • Art Market Red Flags: Indictment of Russian TV Figures

    • October 20, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog
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    Written by Rena Neville, Head of Art Division, FCS Compliance In a stark reminder of the importance of robust Anti-Money Laundering (AML) practices in the Art Market, US authorities have indicted Dimitri Simes, a prominent Russian state television personality, and his wife, Anastasia Simes, for violating sanctions and committing money laundering offences. The charges underscore

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  • COMING SOON – Mock HMRC Inspections: Would your business be prepared if HMRC knocked?

    • October 17, 2024
    • Posted by: FCS Compliance
    • Category: Blog, Promotion, Property Market
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    Written by Malcolm Driscoll, Lead AML Consultant, FCS Compliance As HMRC intensifies its scrutiny of financial crime, Estate Agents should think about prioritising their Anti-Money Laundering (AML) compliance obligations. The property market is a prime target for money laundering, and adhering to AML regulations is essential. Non-compliance can lead to severe financial penalties, reputational damage,

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  • NCA Seizes £14m Property in Landmark AML Case

    • October 17, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    Written by Caroline Walters, Senior AML Consultant, FCS Compliance In a landmark case that underscores the critical importance of robust Anti-Money Laundering (AML) processes in the UK Real Estate industry, the National Crime Agency (NCA) achieved a significant victory in June 2023. After a lengthy six-year civil recovery investigation, the High Court granted the forfeiture

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  • What is Simplified Due Diligence and when is it appropriate?

    • October 15, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    Written by Stephen Williamson, Senior AML Consultant at FCS Compliance Author’s note: In my last newsletter article, you may have seen that I spent some time explaining when Enhanced Due Diligence (EDD) is required and what that meant from a practical perspective. The article was very popular, and it certainly did get the conversation started;

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  • The free HMRC registration renewal tool: AML Protect

    • September 24, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    AML Protect from FCS Compliance

    September 2024 FCS Compliance Launches AML Protect We are proud to announce the launch of AML Protect, a free service designed to help businesses navigate the crucial task of renewing their AML registration with HMRC. This innovative service is open to all businesses registered with and regulated by HMRC, not just FCS Compliance clients. The

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  • Free Webinar for AMPs – AML Penalties and How to Avoid Them

    • August 22, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Promotion
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      Free webinar for Art Market Participants: AML Penalties and How to Avoid Them  Brought to you by FCS Compliance, working in partnership with Borghese Associés, Paris. Join us on Wednesday 18 September – 5pm – 6pm (BST) About the webinar Are you an Art Market Participant (AMP) based in the UK or France and want to

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  • AMPs: Do You Accept Cash?

    • July 9, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog
    No Comments
    AMPs: Do You Accept Cash?

    AMPs: Do You Accept Cash? …If so, should you register with HMRC as a High Value Dealer (HVD)? Not all cash payments create a duty to register with HMRC for supervision for anti-money laundering.  However, any businesses or sole traders that make or receive cash payments of 10,000 euros (or equivalent in another currency) or

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