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anti-money laundering

  • Webinar Wrap-Up: New OFSI Sanctions Rules: What Letting Agents Need to Know

    • April 16, 2025
    • Posted by: FCS Compliance
    • Category: News, Property Market
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    Stay AML Compliant: Ready for the New OFSI Sanctions? A webinar run by FCS Compliance Property Division

    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.

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  • Webinar Wrap-Up: Filing a SAR – A Practical Guide from the NCA

    • April 15, 2025
    • Posted by: FCS Compliance
    • Category: Art Market, News
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    Filing a SAR is NOT Optional - A webinar by FCS Compliance Art Division

    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.

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  • Frequent Questions from AMPs about the Impending Supervision of the OFSI

    • March 26, 2025
    • Posted by: FCS Compliance
    • Category: Art Market, News
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    A globe covered in chains

    From 14 May 2025, AMPs must comply with new OFSI sanctions rules, including mandatory reporting. Learn key steps to stay compliant and avoid penalties.

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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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  • 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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