anti-money laundering
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FCS becomes an AML approved service provider for LAPADA
- May 6, 2020
- Posted by: FCS Compliance
- Category: Anti-money laundering, Art and Antiques, News
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Anti-money laundering (AML) specialists FCS Compliance, has been appointed as an Approved Service Provider for LAPADA (Association of Art and Antiques Dealers), the UK’s largest association of professional art and antique dealers. The Fifth Money Laundering Directive which came into force on 10 January 2020 now applies to the art market. This means that anyone
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COVID-19: Notice to our Clients
- March 18, 2020
- Posted by: FCS Compliance
- Category: Business plans, News
The rapidly developing picture witnessed by everybody in the UK, in particular over the last couple of days, is undoubtedly of great concern to us all. However as we in the business community face these challenging times, I would like to take this opportunity to assure you that the team at FCS has acted swiftly
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How do criminals use commercial property to launder money?
- January 27, 2020
- Posted by: FCS Compliance
- Category: Anti-money laundering, News, Press coverage
When it comes to money laundering, London and residential property take the lion’s share of headlines, but making dirty money clean is an activity that is widespread across the UK, with prosecutions associated with commercial property common. More than £90bn is estimated to be laundered through the UK each year. Research from Transparency International, the
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Movers & Shapers: Follow the Sussexes plus the latest on money laundering
- January 17, 2020
- Posted by: FCS Compliance
- Category: News, Press coverage
Dirty Money In The Laundromat, a movie about the Panama Papers, Meryl Streep plays a widow who investigates money laundering. She is astounded by the use of shell companies to hide the origin of funds. Jerry Walters, the head of the anti-money-laundering consultancy FCS Compliance, knows all about shell companies. His business, which was recently
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Are estate agents facing a property fraud epidemic?
- December 9, 2019
- Posted by: FCS Compliance
- Category: News
Recent figures from two leading government organisations suggest property crime is increasing. The Negotiator asks experts at the coal face to comment. Land Registry data shows that the level of property fraud – which is when criminal attempt to sell homes that don’t belong to them – has doubled over the past 10 years and
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LonRes Acquires Leading Specialist AML Consultancy
- September 29, 2019
- Posted by: FCS Compliance
- Category: News
As part of its ongoing commitment to supporting property professionals, LonRes, the subscription-based business-to-business trading platform, has acquired FCS Compliance, formerly known as Financial Crime Services. The LonRes acquisition comes at a time when HMRC is targeting estate agents as part of a wider money laundering crackdown. In recent guidelines it made clear that they
