News
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2024 AML Recap for the Property Market
- February 6, 2025
- Posted by: FCS Compliance
- Category: News, Property Market
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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.
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4 critical takeaways from the recent OFSI updates that AMPs must be aware of
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
Recent updates from the Office of Financial Sanctions Implementation (OFSI) introduce stricter obligations for Art Market Participants (AMPs), emphasising the need for robust compliance practices. Here’s what you need to know.
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5 AML Watchouts for AMPs in 2025
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
As we look ahead to 2025, there are several important developments on the horizon for art market participants (AMPs) that will shape compliance efforts, regulatory obligations, and industry trends.
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2024 AML Recap for the Art Market
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
In 2024, there was notable activity in the anti-money laundering (AML) and sanctions landscape for art market participants (AMPs) in the UK.
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Sanctions Update: Free Webinar for AMPs
- February 6, 2025
- Posted by: FCS Compliance
- Category: Art Market, News, Promotion
**Important AML Update** New Sanctions Obligations from May for all AMPs Free webinar | 12pm to 1pm (BST) | Friday 7 March 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)? OFSI has the power to impose significant penalties
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Webinar: Latest HMRC Fines & New Financial Sanctions Obligations for Lettings
- February 6, 2025
- Posted by: FCS Compliance
- Category: News, Promotion, Property Market
AML Update: OFSI introduces new financial sanctions laws for all lettings professionals Join our very own Malcolm Driscoll, Lead AML Consultant – FCS Compliance Property Division, on 4 March, 10am to 11am, as he presents this important AML Update, exclusively available to Rightmove Hub members. Webinar overview: With HMRC swift to publish the updated list
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HMRC Updates: Who must Register as an Art Market Participant
- July 1, 2024
- Posted by: FCS Compliance
- Category: Art Market, News
HMRC Updates: Who must Register as an Art Market Participant (AMP) On 15 May 2024, HMRC updated its website with advice about when to register as an Art Market Participant for supervision under the Money Laundering Regulations.[1] After quoting the regulations about who qualifies as an art market participant, one of the highlighted topics was
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“The entire training is 100% essential for being in a Real Estate Business.”
- 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
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Join the webinar: 10 Costly AML Mistakes and How to Avoid Them
- May 2, 2024
- Posted by: FCS Compliance
- Category: News, Property Market
Live webinar on Rightmove: Wednesday 22 May, 10:00am – 11:00am 10 Costly AML Mistakes and How to Avoid Them What can kill a deal, ruin a reputation, and incur huge fines? ….Non-compliance with the UK Money Laundering Regulations. In light of another 254 estate agencies being fined over £1.6m for non-compliance, the stark reality is
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HMRC Lists Most Recent Penalties on AMPs
- April 23, 2024
- Posted by: FCS Compliance
- Category: Art Market, News
HMRC Lists Most Recent Penalties on AMPs Written by Rena Neville, Head of FCS Compliance – Art Division The number of penalties imposed by HMRC on Art Market Participants (AMPs) is accelerating. In the most recent notice of penalties given for the six-month period from 1 April to 30 September 2023, 31 AMPs were given
