Press
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Money laundering is a growing risk for the property industry
- May 22, 2021
- Posted by: FCS Compliance
- Category: Press
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Jerry Walters talks to Property Week about the level of confusion within the property sector when it comes to suspicious activity reports (SARs).
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Q&A with Jerry Walters – why the AML clock is ticking for letting agents
- May 22, 2021
- Posted by: FCS Compliance
- Category: Press
With property fraud on the risk and an ever-increasing number of transactions taking place in the lettings sector, having strict anti-money laundering (AML) processes and protections in place has become more important than ever as the private rented sector continues to grow in size.
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Art Market Participants: AMLS rebrands as ECS
- April 13, 2021
- Posted by: FCS Compliance
- Category: Press
HMRC has renamed its Anti Money Laundering Supervision team as Economic Crime Supervision (ECS). The services will continue as normal.
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How New Anti–Money Laundering Laws Will Affect Art Collectors
- March 12, 2021
- Posted by: FCS Compliance
- Category: Press
A number of high-profile cases have involved both the vendors and buyers of art reportedly using the art market to sidestep sanctions, obscure the origins of dirty money, and avoid provenance checks.
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Face up to it
- March 11, 2021
- Posted by: FCS Compliance
- Category: Press
Property is an increasingly attractive way of laundering money. In fact, the latest UK National Risk Assessment (published in December 2020) raised the money laundering risk score for the property sector overall from ‘medium’ to ‘high’ – highlighting the attractiveness of bricks and mortar as a fraudulent facade.
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What leaving the EU means for anti-money laundering legislation
- December 15, 2020
- Posted by: FCS Compliance
- Category: Press
Planning for a post-Brexit world and what this might look like is what most organisations are doing right now, including essential AML checks and procedures.
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Property offers ready shelter for criminal wealth
- November 5, 2020
- Posted by: FCS Compliance
- Category: Press
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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