property market
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“The entire training is 100% essential for being in a Real Estate Business.”
- May 23, 2024
- Posted by: FCS Compliance
- Category: News
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Did you miss the latest Rightmove & FCS webinar? Over 1000 agents registered for the ‘10 Costly AML Mistakes and How to Avoid Them’ webinar, and with good reason. “Concise and very knowledgeable presentation from an experienced AML professional.” – Webinar attendee With another 254 estate agencies being fined over £1.6 million for
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HMRC issue over £1.6m in fines to estate agents
- April 11, 2024
- Posted by: FCS Compliance
- Category: News, Property Market
HMRC issue over £1.6m in fines to estate agents for failing to register for AML supervision. Press release written by Alison Blease, Director PR, FCS Compliance and Malcolm Driscoll, Lead AML Consultant, FCS Compliance. HMRC has announced (28 March 2024) that 254 estate agency businesses have been fined a total of over £1.6m for failing
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Latest Fines From HMRC Are Impacting EABs
- January 24, 2024
- Posted by: FCS Compliance
- Category: News, Property Market
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
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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Arrests made across the Northwest and London in an NCA investigation…
- January 24, 2024
- Posted by: FCS Compliance
- Category: Blog, News, Property Market
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
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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FCS Compliance shortlisted to win in The Negotiator Awards 2023
- October 5, 2023
- Posted by: FCS Compliance
- Category: News, Press, Property Market
FCS Compliance shortlisted to win in The Negotiator Awards 2023 The shortlist has been announced for this year’s Negotiator Awards and, for the third year running, FCS Compliance has been selected by the judges in the ‘Supplier of the Year: Products & Services (Business)’ category. Winners will be announced at a gala dinner in London
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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
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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Meet Leah Ryan – AML Consultant, FCS Compliance
- July 10, 2023
- Posted by: FCS Compliance
- Category: Blog, Promotion, Property Market
Find out more about the AML experts at FCS. In this interview, FCS PR Director, Alison Blease introduces you to FCS AML Consultant, Leah Ryan – AICA (KYC/CDD): Today I’m with Leah Ryan, AML consultant with FCS Compliance. It’s lovely to see you. You’ve been working for the company since August 2022. How has the
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Anti-Money Laundering Under The Spotlight
- April 25, 2023
- Posted by: FCS Compliance
- Category: Blog, News
Anti-Money Laundering Under The Spotlight – Written by Caroline Walters, Senior AML Consultant, FCS Compliance Anti-money laundering (AML) and economic crime is increasingly under the spotlight. And the government have responded with a new three-year plan designed to tackle corrupt elites and criminal gangs. Costing some £400 million pounds and funded in part by the
