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anti-money laundering

  • 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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  • 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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  • Property Market News: HMRC issues £3.2 million in money laundering penalties

    • July 14, 2023
    • Posted by: FCS Compliance
    • Category: Blog, News, Property Market
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    HMRC Property Market Fines

    Property Market News: HMRC’s Latest Fine List Totals £3.2MWritten by Caroline Walters, Lead AML Consultant, FCS Compliance HMRC has published details of the latest businesses fined for breaching anti-money laundering (AML) rules. The HMRC list, which includes the publication of estate agency fines, shows that the sector accounts for the largest number of AML fines

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  • Meet Leah Ryan – AML Consultant, FCS Compliance

    • July 10, 2023
    • Posted by: FCS Compliance
    • Category: Blog, Promotion, Property Market
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    Meet Leah

    Find out more about the AML experts at FCS. In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Leah Ryan – AICA (KYC/CDD): Today I’m with Leah Ryan, AML consultant with FCS Compliance. It’s lovely to see you. You’ve been working for the company since August 2022. How has the

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  • FCS experts answer AML questions in live Q&A webinar to help Rightmove agents prepare for HMRC inspections

    • June 6, 2023
    • Posted by: FCS Compliance
    • Category: News
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    On Wednesday 19 July, FCS Compliance returns to the Rightmove Hub for a special Q&A webinar. In this live session, attendees will have the opportunity to put their ant

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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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