2025
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The OFSI Changes: 9 Common Questions Letting Agents Ask
- March 26, 2025
- Posted by: FCS Compliance
- Category: News, Property Market
1 Comment
Discover how new OFSI sanctions regulations from 14 May 2025 will impact UK letting agents. Learn about key compliance requirements, penalties, and essential guidance in our expert Q&A.
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Frequent Questions from AMPs about the Impending Supervision of the OFSI
- March 26, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
From 14 May 2025, AMPs must comply with new OFSI sanctions rules, including mandatory reporting. Learn key steps to stay compliant and avoid penalties.
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£2M in Fines for a Simple Mistake – How Are Businesses Still Getting This Wrong?
- March 20, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market, Uncategorized
HMRC has fined businesses over £2M for lapsed MLR registrations. Avoid costly mistakes—use AML Protect, a free reminder service. Sign up today!
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The free HMRC registration renewal tool: AML Protect
- March 19, 2025
- Posted by: FCS Compliance
- Category: Uncategorized
FCS Compliance’s free service AML Protect, is 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 Hidden Risks of Non-Compliance The importance of maintaining an up-to-date AML registration cannot
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Latest FATF Plenary Outcomes: Updates to the “Grey List” – February 2025 Update
- March 17, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market
Discover the recent updates from the FATF plenary regarding the “grey list” and understand how these changes impact art market participants (AMPs) and property professionals.
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Webinar: New Sanctions Obligations from May for all AMPs
- March 7, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
What are the practical consequences when on 14 May Art Market Participants (AMPs) come under an additional regulator, the Office of Financial Sanctions Implementation (OFSI)?
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Webinar: Latest HMRC Fines & New Financial Sanctions Obligations for Lettings
- March 4, 2025
- Posted by: FCS Compliance
- Category: News, Press, Property Market
With HMRC swift to publish the updated list of penalties, there’s no doubt Anti-Money Laundering (AML) compliance will remain a top priority in 2025. The pressure to stay vigilant has also intensified, with OFSI (Office of Financial Sanctions Implementation) introducing new financial sanctions laws for all lettings professionals. Coming into force this May, these rules
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The May 2025 Sanctions Deadline: What Letting Agents Must Do Now
- February 6, 2025
- Posted by: FCS Compliance
- Category: News, Property Market
From 14 May 2025, new financial sanctions regulations will take effect, placing stricter obligations on letting agents.
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New Rules, New Risks: 5 Estate Agent Watchouts for 2025
- February 6, 2025
- Posted by: FCS Compliance
- Category: News, Property Market
As we move further into 2025, the compliance landscape for lettings and estate agents continues to evolve.
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2024 AML Recap for the Property Market
- February 6, 2025
- Posted by: FCS Compliance
- Category: News, Property Market
2024 was a year in which we continued to see regular reports of money laundering cases involving the purchase of property in the real estate market.
