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  • Join us at ArtLogic’s Connect ’24 Event

    • November 14, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog
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      Our very own Rena Neville, Head of FCS Compliance Art Division will be an expert panelist at ArtLogic’s Connect ’24 Event, 19 – 21 November. ‘Connecting those who create, sell, and buy art to learn and grow together at the online conference for the art world.’  What to expect Join Connect 2024 to explore

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  • Latest Fines From HMRC Are Impacting EABs

    • January 24, 2024
    • Posted by: FCS Compliance
    • Category: News, Property Market
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    Latest Fines From HMRC Are Impacting EABs

    Latest Fines From HMRC Are Impacting EABsWritten by Caroline Walters AICA, Director of Operations, FCS Compliance In October 2023, HMRC updated its list of Estate Agency Businesses (EABs) who have fallen short of meeting their Anti-Money Laundering (AML) obligations. The vast majority, of the approximately 70 plus EABs that have been fined, failed to register

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  • Update From The Financial Action Task Force (FATF) – October 2023

    • January 24, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, News, Property Market
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    FATF Update

    Update From The Financial Action Task Force (FATF) – October 2023Written by Suzanne White AICA Cert (KYC/CDD), Senior AML Consultant – FCS Compliance In the international fight against money laundering The Financial Action Task Force (FATF) identifies jurisdictions with weak measures in place to combat money laundering and terrorist financing. They issue two documents 3

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  • Latest Fines From HMRC Are Impacting AMPs

    • January 24, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, News
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    HMRC updated fines for AMPs

    Latest Fines From HMRC Are Impacting AMPsWritten by Rena Neville, Head of FCS Compliance – Art Division In October 2023, HMRC updated its list of Art Market Participants (AMPs) who have fallen short of meeting their Anti-Money Laundering (AML) obligations. The vast majority of the approximately 30 AMPs that have been fined failed to register

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  • Arrests made across the Northwest and London in an NCA investigation…

    • January 24, 2024
    • Posted by: FCS Compliance
    • Category: Blog, News, Property Market
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    Five men have been arrested across the Northwest and London in an NCA investigation linked to property investment fraud and money launderingWritten by Caroline Walters AICA, Director of Operations, FCS Compliance Two of the big challenges facing the property industry right now are fraud and money laundering. Money laundering and fraudulent activities are seldom discussed

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  • Economic Crime and Corporate Transparency Act 2023

    • January 24, 2024
    • Posted by: FCS Compliance
    • Category: Blog, News, Property Market
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    Economic Crime...

    Economic Crime and Corporate Transparency Act 2023Written by Caroline Walters AICA, Director of Operations, FCS Compliance The Economic Crime and Corporate Transparency Bill received Royal Assent on 26th October 2023, becoming the Economic Crime and Corporate Transparency Act 2023 (ECCTA). This is yet another law designed to tackle the estimated money laundering cost to the

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  • Meet Hannah Evans – Office Manager, FCS Compliance – Art Division

    • January 10, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog
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    Meet Hannah

    In this interview, FCS PR Director, Alison Blease introduces you to Hannah Evans – Office Manager, FCS Compliance – Art Division. Hannah Evans is the newest recruit to the FCS Compliance Art Division.  She joined in August last year and splits her time between FCS and PAIAM (Professional Advisors to the International Art Market) –

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  • Meet Georgie Tarry – Account Director, FCS Compliance

    • January 10, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, Blog, Property Market
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    Meet Georgie

    In this interview, FCS PR Director, Alison Blease introduces you to Georgie Tarry, Account Director at FCS Compliance. If you’ve ever called FCS or attended one of their outstanding AML training sessions, chances are you’ve either spoken to or met the person behind this newsletter’s profile. Georgie is one of the longest-serving members of the

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  • NEW webinar with BIID: Anti-Money Laundering Compliance for Interior Designers

    • January 5, 2024
    • Posted by: FCS Compliance
    • Category: Art Market, News, Promotion
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    BIID

    We are delighted to announce that Rena Neville, Head of FCS Art Division, will be presenting on a new webinar in partnership with the British Insitute of Interior Designers (BIID).  The webinar will cover the topic of ‘Anti-Money Laundering Compliance for Interior Designers’ and is set to take place on 1 February 12pm – 1pm.

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  • AMPs: Is the Ultimate Beneficial Owner information on Companies House reliable?

    • October 23, 2023
    • Posted by: FCS Compliance
    • Category: Art Market, News
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    Is the Ultimate Beneficial Owner information on Companies House reliable?

    Is the Ultimate Beneficial Owner information on Companies House reliable?Written by Rena Neville, Head of FCS Compliance – Art Division In answer to the question “Can we rely on Companies House to provide reliable information on Ultimate Beneficial Owners (UBOs)?”, I am afraid the answer is no. Indeed, the UK government has in the not-too-distant

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