Press
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Property offers ready shelter for criminal wealth
- November 5, 2020
- Posted by: FCS Compliance
- Category: Press
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Some argue that a cultural shift needs to take place in the property industry, akin to that which has been occurring at financial institutions
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Estate agents must be aware of money laundering
- June 26, 2020
- Posted by: FCS Compliance
- Category: Press
Covid-19 restrictions make due diligence difficult in property sales and purchases. As the UK housing market slowly returns to normal, the risk of money laundering to real estate has not diminished. In fact, there is a strong argument that the sector is more susceptible to money laundering than ever before. As Covid-19 restrictions took hold,
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Uncovering London’s hidden property wealth
- March 20, 2020
- Posted by: FCS Compliance
- Category: Press
New laws are combating money laundering in the capital’s luxury homes market. Beneath the mounted head of a stag in a room at a private members’ club, former police detective Jerry Walters is teaching a class of estate agents how to spot money launderers. The group of about 20 — a mix of old-school English
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The cryptocurrency hard-sellers who investors claim have lost them £400,000
- February 14, 2020
- Posted by: FCS Compliance
- Category: Press
David Byers reports on eight vulnerable people who say they were pressured into handing over their money. Jerry Walters, Managing Director of FCS Compliance and expert in global financial crime, previously investigated fraud for City of London police. In this article for The Times, he talks about about the cat-and-mouse game of investigating offshore companies.
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How do criminals use commercial property to launder money?
- January 27, 2020
- Posted by: FCS Compliance
- Category: Press
When it comes to money laundering, London and residential property take the lion’s share of headlines, but making dirty money clean is an activity that is widespread across the UK, with prosecutions associated with commercial property common. More than £90bn is estimated to be laundered through the UK each year. Research from Transparency International, the
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Movers & Shapers: Follow the Sussexes plus the latest on money laundering
- January 17, 2020
- Posted by: FCS Compliance
- Category: Press
Dirty Money In The Laundromat, a movie about the Panama Papers, Meryl Streep plays a widow who investigates money laundering. She is astounded by the use of shell companies to hide the origin of funds. Jerry Walters, the head of the anti-money-laundering consultancy FCS Compliance, knows all about shell companies. His business, which was recently
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Upmarket letting agents face substantial changes after new AML come in, warns expert
- December 19, 2019
- Posted by: FCS Compliance
- Category: Press
Jerry Walters, chief of LonRes-owned firm FCS Compliance, says changes will affect how deposits and rent are received and require landlords and tenants to be checked. As property professionals struggle to get to grips with the 4th EU anti-money laundering (AML) Directive, along comes the 5th due to come into force by the 9th January
