financial crime
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The cryptocurrency hard-sellers who investors claim have lost them £400,000
- February 14, 2020
- Posted by: FCS Compliance
- Category: News, Offshore companies, Press coverage
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David Byers reports on eight vulnerable people who say they were pressured into handing over their money. Jerry Walters, Managing Director of FCS Compliance and expert in global financial crime, previously investigated fraud for City of London police. In this article for The Times, he talks about about the cat-and-mouse game of investigating offshore companies.
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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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Jerry Walters talks to Property Week about the HMRC crackdown on Money Laundering.
- October 31, 2019
- Posted by: FCS Compliance
- Category: News
As regulation to prevent money laundering in the real estate industry continues to increase, we discuss the importance of AML compliance and the measures agents should be taking to prepare themselves for an HMRC inspection. Clamping down: in 2018-19, HMRC issued 131 penalties worth over £1.2m and secured 30 AML convictions. In 2016, Property Week
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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
