- May 2, 2024
- Posted by: FCS Compliance
- Category: News, Property Market
Wednesday 22 May, 10:00am – 11:00am
10 Costly AML Mistakes and How to Avoid Them
What can kill a deal, ruin a reputation, and incur huge fines? ….Non-compliance with the UK Money Laundering Regulations.
In light of another 254 estate agencies being fined over £1.6m for non-compliance, the stark reality is many agencies’ AML processes are failing to meet the expected standards of the HMRC inspectors.
Similarly, when it comes to customer due diligence, shortcuts, errors and oversights are frequently leading to the derailment of deals and lost business opportunities. In many cases, these damaging compliance mistakes could easily be avoided.
In this webinar, we welcome back Malcolm Driscoll, Lead AML Consultant at FCS Compliance, who will help you learn:
• The 10 most common compliance pitfalls you can easily avoid
• Recent instances of fines imposed on estate agency businesses
• The consequences of non-compliance, including potential fines, deal fall throughs, and reputational damage.
With extensive experience in global financial investigation gained in the police and many years of working daily alongside agents, Malcolm is one of the industry’s most recognised AML experts. Attendees will have the opportunity to put their questions directly to Malcolm in the Q&A session.
Visit the Rightmove Hub for further details and to register.
Malcolm Driscoll,
Lead AML Consultant at FCS Compliance
With over 40 years’ service in the police in the investigation of serious and complex financial crime, Malcolm has an in-depth knowledge of how criminals seeks to launder the proceeds of criminal activity on a global scale. He was an accredited NCA Mentor and Financial Investigator.
