customer due diligence
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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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Upmarket letting agents face substantial changes after new AML come in, warns expert
- December 19, 2019
- Posted by: FCS Compliance
- Category: News
Jerry Walters, chief of LonRes-owned firm FCS Compliance, says changes will affect how deposits and rent are received and require landlords and tenants to be checked. As property professionals struggle to get to grips with the 4th EU anti-money laundering (AML) Directive, along comes the 5th due to come into force by the 9th January
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5th EU AML Directive Guidelines
- December 10, 2019
- Posted by: FCS Compliance
- Category: News
UPDATE: 9 January 2020 As of today, the details for the amendments to the 5th EU Anti-Money Laundering (AML) Directive have now been confirmed. From 10 January 2020, lettings agents will need to adhere to the latest legislation or risk significant penalties from HMRC. What are the key points to be aware of? Lettings agents
