Blog
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Meet Helen Grindey – AML Consultant, FCS Compliance
- October 13, 2023
- Posted by: FCS Compliance
- Category: Art Market, Blog, Property Market
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In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Helen Grindey – AICA Cert (KYC/CDD). Today I am joined by Helen Grindey, an AML Consultant with FCS Compliance. Hello! I believe next month is your two-year anniversary of working for FCS. Congratulations! But let’s start at the beginning. What did
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Property Market News: HMRC issues £3.2 million in money laundering penalties
- July 14, 2023
- Posted by: FCS Compliance
- Category: Blog, News, Property Market
Property Market News: HMRC’s Latest Fine List Totals £3.2MWritten by Caroline Walters, Lead AML Consultant, FCS Compliance HMRC has published details of the latest businesses fined for breaching anti-money laundering (AML) rules. The HMRC list, which includes the publication of estate agency fines, shows that the sector accounts for the largest number of AML fines
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AMPs: What is ‘a linked transaction’? and Why should you care?
- July 14, 2023
- Posted by: FCS Compliance
- Category: Art Market, Blog
Two Common Questions: What is ‘a linked transaction’? and Why should you care?Written by Paula Trommel, Head Advisor for FCS Compliance – Art Division It is easier to answer the second question than the first… Why should an art market participant (AMP) care whether an art market transaction is linked? Because… failure to detect a
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Meet Leah Ryan – AML Consultant, FCS Compliance
- July 10, 2023
- Posted by: FCS Compliance
- Category: Blog, Promotion, Property Market
Find out more about the AML experts at FCS. In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Leah Ryan – AICA (KYC/CDD): Today I’m with Leah Ryan, AML consultant with FCS Compliance. It’s lovely to see you. You’ve been working for the company since August 2022. How has the
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Anti-Money Laundering Under The Spotlight
- April 25, 2023
- Posted by: FCS Compliance
- Category: Blog, News
Anti-Money Laundering Under The Spotlight – Written by Caroline Walters, Senior AML Consultant, FCS Compliance Anti-money laundering (AML) and economic crime is increasingly under the spotlight. And the government have responded with a new three-year plan designed to tackle corrupt elites and criminal gangs. Costing some £400 million pounds and funded in part by the
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AMPs: What are two persistent CDD Myths?
- April 25, 2023
- Posted by: FCS Compliance
- Category: Blog, News
AMPs: What are two persistent CDD Myths? Hint: They involve sellers and artists by Rena Neville, Lead AML Consultant, FCS Compliance, Art Division There are a number of myths swirling around the art market, that regularly resurface. Here are just two. Myth number one: Art market participants (AMPs) do not need to do customer due
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Meet Chanditha Herath – AML Analyst, FCS Compliance
- April 13, 2023
- Posted by: FCS Compliance
- Category: Blog
Find out more about the AML experts at FCS. In this interview, FCS PR Director, Alison Blease introduces you to Chanditha Herath… Today I’m joined by Chanditha Herath who I believe is about to celebrate his one-year anniversary as an AML Analyst at FCS Compliance. Welcome Chanditha and congratulations on the anniversary! Thank you! So
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Top 5 Most Frequently Asked Questions – Art Market
- February 1, 2023
- Posted by: FCS Compliance
- Category: Blog, News
By Rena Neville – Lead AML Consultant, FCS Compliance – Art Division Top 5 Most Frequently Asked Questions – Art Market Participants Anti-money laundering (AML) expert Rena Neville answers the top five most frequently asked questions put to FCS Compliance in 2022 for the art market: 1 Is an AMP obligated to comply with the
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Top 5 Most Frequently Asked Questions – Property Market
- February 1, 2023
- Posted by: FCS Compliance
- Category: Blog, News
By Caroline Walters – Senior AML Consultant, FCS Compliance Top 5 Most Frequently Asked Questions – Property Market Anti-money laundering (AML) expert Caroline Walters answers the top five most frequently asked questions put to FCS Compliance in 2022 for the property market: 1 What is needed to prove source of funds? With regards to proof
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HMRC Interventions: An Ounce of Prevention, is Worth a Pound of Cure
- February 1, 2023
- Posted by: FCS Compliance
- Category: Blog, News
By Rena Neville – Lead AML Consultants, FCS Compliance Art Division HMRC Interventions: An Ounce of Prevention, is Worth a Pound of Cure Queries are on the rise from Art Market Practitioners (AMPs) to the FCS Compliance Art Division hotline regarding how to respond to Intervention notices received from HMRC. As part of HMRC’s supervisory
