2024 October
-
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
-
Art Market Red Flags: Indictment of Russian TV Figures
- October 20, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
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
-
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
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,
-
NCA Seizes £14m Property in Landmark AML Case
- October 17, 2024
- Posted by: FCS Compliance
- Category: Uncategorized
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
-
What is Simplified Due Diligence and when is it appropriate?
- October 15, 2024
- Posted by: FCS Compliance
- Category: Uncategorized
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;
