real estate
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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
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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
