- May 23, 2024
- Posted by: FCS Compliance
- Category: News
Did you miss the latest Rightmove & FCS webinar?
Over 1000 agents registered for the ‘10 Costly AML Mistakes and How to Avoid Them’ webinar, and with good reason.
“Concise and very knowledgeable presentation from an experienced AML professional.” – Webinar attendee
With another 254 estate agencies being fined over £1.6 million for non-compliance, the stark reality is that many agencies’ AML processes are failing to meet the expected standards of HMRC inspectors.
If you missed the webinar, you can access the recording here.
This is exactly what Malcolm Driscoll, Lead AML Consultant at FCS, sought to address in this latest webinar, covering:
- 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 failures, and reputational damage
Remaining AML compliant can be tedious, complicated, and time-consuming, but it is essential if you want to avoid costly fines.
“All of it was helpful, but having my question answered was perfect.” – Webinar attendee
During the webinar, Malcolm broke down the intricacies of the regulations, answered questions from the audience, and drew on real-world situations to showcase the practical consequences of compliance failures.
One of the main drivers of the aforementioned fines was lapsing registration with HMRC, with many property professional complaining that reminder emails to re-register were going into their junk mail.
To combat this, FCS compliance is launching a new service, AML Protect, which will be free for everyone. Simply enter your details and when your registration is due to expire we will notify you ahead of the time by way of email first, then text if the email is not acknowledged. Find out more about AML Protect here.
“Great guest speaker, delivered himself well, and the content was straightforward to understand—not as bamboozling as reading it online or in statutory policy documents.” – Webinar attendee
Are you looking for a course to further your AML education?
We are hosting Advanced Level AML Training, specifically designed for the property industry professional on the 10th & 11th June which you can book in for here.
Or read our latest news updates here, to stay on top of market changes.
For help and support on the topics mentioned, please get in touch with our knowledgeable FCS Compliance Team.
