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On the 19th April 2018, the European Parliament adopted the 5th Anti Money Laundering Directive. The Directive has been formally endorsed by the European Council and the text has been published in the Official Journal of the European Union on the 19th June 2018. Member States will be required to bring into force the laws,

The British Virgin Islands, one of the territories, complained that by imposing a public register the UK would “undermine the constitutional relationship” and hurt the islands’ economies. The UK’s measure, which is part of the Sanctions and Anti-Money Laundering Bill, does not apply to the crown dependencies of Jersey, Guernsey and the Isle of Man.

What does this mean for UK sanctions? These amendments may initially seem uncontentious but if implemented, the first will result in a significant widening of the UK’s power to make unilateral sanctions. The current legal framework is largely derived from EU sources, with the domestic regime being very limited in its scope. When the Sanctions

The latest edition of the real estate publication Propertywire states “The property industry in the UK is not up to speed in terms of being compliant with anti-money laundering regulations, new research claims. A significant number of businesses in the property sector would struggle to pass an anti-money laundering (AML) spot-check with 22% without a

The company has now published a brand new ‘Anti-Money Laundering and Counter Terrorist Financing’ Handbook for legal firms that incorporates the new Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 and the Criminal Finances Act 2017. The handbook is bespoke to individual firms and contains practical guidance in all aspects of AML including

FCS Compliance Ltd. is delighted to announce it will continue its association with the Legal management company cpm21 and deliver AML training on its behalf to law firms across Wales and the South West. A number of dates have already been confirmed for 2018, and FCS Director Jerry Walters stated “I very much look forward

The company is delighted to announce that it has renewed its contract for 2018 with Propertymark NAEA (National Association of Estate Agents), and will therefore be engaged to provide all of the financial crime training and consultancy services across the whole of the UK. Propertymark is the gold standard when it comes to the real

The founder of FCS Ltd, Jerry Walters will be delivering a seminar to law students at the university on Thursday the 9th November and should be an interesting Q & A session after the seminar…

Jerry Walters will be delivering the webinar in relation to Operation ‘Trilby’ a money-laundering investigation that involved a murderer, the Queen’s Bank and corruption in South Africa on a grand scale. The webinar is free to all ICA members across the globe and is being delivered between 3pm -4pm.

Nearly a year after launch, Cardiff based FCS Compliance has reported huge interest in its consultancy and training operations. Founder and Managing Director Jerry Walters said “we’ve been overwhelmed by the interest and request for our services. Financial crime is becoming so much more sophisticated and regulations are tightening”.