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AML policies and procedures

  • £2M in Fines for a Simple Mistake – How Are Businesses Still Getting This Wrong?

    • March 20, 2025
    • Posted by: FCS Compliance
    • Category: Art Market, News, Property Market, Uncategorized
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    HMRC has fined businesses over £2M for lapsed MLR registrations. Avoid costly mistakes—use AML Protect, a free reminder service. Sign up today!

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  • Webinar: Latest HMRC Fines & New Financial Sanctions Obligations for Lettings

    • March 4, 2025
    • Posted by: FCS Compliance
    • Category: News, Press, Property Market
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    OFSI Webinar

    With HMRC swift to publish the updated list of penalties, there’s no doubt Anti-Money Laundering (AML) compliance will remain a top priority in 2025. The pressure to stay vigilant has also intensified, with OFSI (Office of Financial Sanctions Implementation) introducing new financial sanctions laws for all lettings professionals. Coming into force this May, these rules

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  • The May 2025 Sanctions Deadline: What Letting Agents Must Do Now

    • February 6, 2025
    • Posted by: FCS Compliance
    • Category: News, Property Market
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    From 14 May 2025, new financial sanctions regulations will take effect, placing stricter obligations on letting agents.

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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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  • Meet Helen Grindey – AML Consultant, FCS Compliance

    • October 13, 2023
    • Posted by: FCS Compliance
    • Category: Art Market, Blog, Property Market
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    Meet Helen

    In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Helen Grindey – AICA Cert (KYC/CDD). Today I am joined by Helen Grindey, an AML Consultant with FCS Compliance. Hello! I believe next month is your two-year anniversary of working for FCS.  Congratulations!  But let’s start at the beginning.  What did

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  • Anti-Money Laundering Under The Spotlight

    • April 25, 2023
    • Posted by: FCS Compliance
    • Category: Blog, News
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    AML Spotlight

    Anti-Money Laundering Under The Spotlight – Written by Caroline Walters, Senior AML Consultant, FCS Compliance Anti-money laundering (AML) and economic crime is increasingly under the spotlight. And the government have responded with a new three-year plan designed to tackle corrupt elites and criminal gangs.   Costing some £400 million pounds and funded in part by the

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  • Meet Chanditha Herath – AML Analyst, FCS Compliance

    • April 13, 2023
    • Posted by: FCS Compliance
    • Category: Blog
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    Meet Chanditha

    Find out more about the AML experts at FCS. In this interview, FCS PR Director, Alison Blease introduces you to Chanditha Herath… Today I’m joined by Chanditha Herath who I believe is about to celebrate his one-year anniversary as an AML Analyst at FCS Compliance. Welcome Chanditha and congratulations on the anniversary! Thank you! So

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  • HMRC Interventions: An Ounce of Prevention, is Worth a Pound of Cure

    • February 1, 2023
    • Posted by: FCS Compliance
    • Category: Blog, News
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    HMRC Interventions

    By Rena Neville – Lead AML Consultants, FCS Compliance Art Division HMRC Interventions: An Ounce of Prevention, is Worth a Pound of Cure Queries are on the rise from Art Market Practitioners (AMPs) to the FCS Compliance Art Division hotline regarding how to respond to Intervention notices received from HMRC. As part of HMRC’s supervisory

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  • Suspicious Activity Reports and Why They Are Important

    • February 1, 2023
    • Posted by: FCS Compliance
    • Category: Blog, News
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    SAEs

    By Malcolm Driscoll, Lead AML Consultant, FCS Compliance Suspicious Activity Reports and Why They Are Important People are still getting it wrong. I was recently contacted by an estate agent wanting advice on how to deal with a client who was reluctant to supply proof of funds. The underlying question was whether this merited filing

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  • Ask The Expert: UK Art Market – Update on Sanctions and Bans

    • July 10, 2022
    • Posted by: FCS Compliance
    • Category: Blog, News
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    Ask The Expert: UK Art Market – Update on Sanctions and BansPaula Trommel – Senior AML Consultant, FCS Compliance Art Division UK Art Market:  Update on Sanctions and Bans In response to the Russian invasion of Ukraine, a variety of international sanctions have been imposed, which affect the art market. The scope of the sanctions

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