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National Risk Assessment

  • Money laundering is a growing risk for the property industry

    • May 22, 2021
    • Posted by: FCS Compliance
    • Category: Press
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    Property Week

    Jerry Walters talks to Property Week about the level of confusion within the property sector when it comes to suspicious activity reports (SARs).

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  • Face up to it

    • March 11, 2021
    • Posted by: FCS Compliance
    • Category: Press
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    The Negotiator

    Property is an increasingly attractive way of laundering money. In fact, the latest UK National Risk Assessment (published in December 2020) raised the money laundering risk score for the property sector overall from ‘medium’ to ‘high’ – highlighting the attractiveness of bricks and mortar as a fraudulent facade.

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  • FCS Compliance partners with tenant referencing and lettings insurance company HomeLet

    • February 11, 2021
    • Posted by: FCS Compliance
    • Category: News
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    HomeLet

    FCS Compliance today announced a new partnership with the UK’s largest tenant referencing and lettings insurance company, HomeLet, to bring anti-money laundering (AML) services to their clients.

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  • Money laundering legislation and the art world

    • January 13, 2021
    • Posted by: FCS Compliance
    • Category: Blog
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    Money Laundering Legislation and the art world

    The time for AMPs to put AML on the back burner has now passed

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  • Luxury London homes still used to launder illicit funds, says report

    • December 21, 2020
    • Posted by: FCS Compliance
    • Category: News
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    The Guardian

    National Crime Agency steps up investigations into suspect funds flooding into UK. Luxury London homes are an “attractive method to launder illicit funds”, a government report has said as the National Crime Agency steps up its McMafi-style “dirty-money” investigations into suspect funds flooding into the country. Read the full article with comments from Jerry Walters,

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  • Government publishes its 2020 National Risk Assessment of money laundering and terrorist financing

    • December 18, 2020
    • Posted by: FCS Compliance
    • Category: News
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    HM Treasury Home Office 720px

    On 17 December 2020, the UK Government published its National Risk Assessment (NRA) of money laundering and terrorist financing. The last report was published in 2017. Here are some key findings to note: Money laundering risk scores increase: for property, the risk score is increased from ‘Medium’ to ‘High‘ for estate agencies, the score moves

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