anti-money laundering
-
Beyond the Passport: Protecting the Art Market from Cyberfraud and Impersonation
- May 28, 2025
- Posted by: FCS Compliance
- Category: Art Market, Blog
No Comments
Cyberfraud is on the rise in the art market, especially among remote clients. Learn how to go beyond collecting ID documents with practical steps to verify customer identity and stay compliant with UK AML regulations.
-
UK Property and Dirty Money: A Closer Look at the Risks and Realities
- May 28, 2025
- Posted by: FCS Compliance
- Category: Blog, Property Market
Dirty money in UK property is on the rise. Learn why robust Customer Due Diligence is vital for estate agents and how to strengthen your AML defences.
-
Understanding Client AML Risk Assessments — What You Really Need to Know
- April 29, 2025
- Posted by: FCS Compliance
- Category: Property Market
Struggling with AML client risk assessments? This practical guide explains what they are, why they matter, and how estate agents can approach them with confidence — plus what to record and when.
-
Flurry of HMRC Interventions for the Art Market – Are You Prepared?
- April 29, 2025
- Posted by: FCS Compliance
- Category: Art Market
Facing an HMRC AML Intervention? Learn what to expect, how to prepare, and why even the best-looking documents might not be enough.
-
Webinar Wrap-Up: New OFSI Sanctions Rules: What Letting Agents Need to Know
- April 16, 2025
- Posted by: FCS Compliance
- Category: News, Property Market
Get up to speed on the new OFSI sanctions rules affecting all UK letting agents from 14 May 2025. Read the key takeaways from the FCS Compliance webinar and learn how to stay compliant.
-
Webinar Wrap-Up: Filing a SAR – A Practical Guide from the NCA
- April 15, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
Key insights from our FCS Compliance webinar with the NCA on SARs – learn when and how to file, and what regulators expect from Art Market Participants.
-
Frequent Questions from AMPs about the Impending Supervision of the OFSI
- March 26, 2025
- Posted by: FCS Compliance
- Category: Art Market, News
From 14 May 2025, AMPs must comply with new OFSI sanctions rules, including mandatory reporting. Learn key steps to stay compliant and avoid penalties.
-
Latest Fines From HMRC Are Impacting EABs
- January 24, 2024
- Posted by: FCS Compliance
- Category: News, Property Market
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
-
Update From The Financial Action Task Force (FATF) – October 2023
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, News, Property Market
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
-
Latest Fines From HMRC Are Impacting AMPs
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, News
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
