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  • NCA Seizes £14m Property in Landmark AML Case

    • October 17, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    Written by Caroline Walters, Senior AML Consultant, FCS Compliance In a landmark case that underscores the critical importance of robust Anti-Money Laundering (AML) processes in the UK Real Estate industry, the National Crime Agency (NCA) achieved a significant victory in June 2023. After a lengthy six-year civil recovery investigation, the High Court granted the forfeiture

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  • What is Simplified Due Diligence and when is it appropriate?

    • October 15, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    Written by Stephen Williamson, Senior AML Consultant at FCS Compliance Author’s note: In my last newsletter article, you may have seen that I spent some time explaining when Enhanced Due Diligence (EDD) is required and what that meant from a practical perspective. The article was very popular, and it certainly did get the conversation started;

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  • The free HMRC registration renewal tool: AML Protect

    • September 24, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    AML Protect from FCS Compliance

    September 2024 FCS Compliance Launches AML Protect We are proud to announce the launch of AML Protect, a free service designed to help businesses navigate the crucial task of renewing their AML registration with HMRC. This innovative service is open to all businesses registered with and regulated by HMRC, not just FCS Compliance clients. The

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  • MEET PATRICE DOLOR – AML ANALYST, FCS COMPLIANCE

    • July 6, 2024
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    In this interview, FCS PR Director, Alison Blease introduces you to Patrice Dolor, AML Analyst at FCS Compliance.  Dated: July 2024 AB:  Today I am joined by Patrice Dolor, AML Analyst at FCS Compliance.  Patrice has been with the company since December 2022, but before then worked for HMRC as a compliance officer. Lovely to

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  • How important is it for AMPs to maintain appropriate AML records?

    • April 25, 2023
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    AMP AML

    How important is it for Art Market Participants (AMPs) to maintain appropriate AML records? Written by Rena Neville, Lead AML Consultant, FCS Compliance, Art Division The short answer? It is very important to keep appropriate AML records, as failure to do so may be a crime. The following Q&A delves into this further: Is HMRC

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  • HMRC Anti-Money Laundering Deadline

    • May 13, 2021
    • Posted by: FCS Compliance
    • Category: Uncategorized
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    AML HMRC deadline - time is running out
    The 10 June 2021 UK government deadline by which letting agents and the art market must register with HMRC to remain anti-money laundering (AML) compliant has now passed. Your business could now be inspected by the HMRC at short notice.  Failure to comply could put your business at serious financial risk. Will this impact you
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