FCS Compliance

Wishing you Happy Holidays from the entire FCS team, with our best wishes for the New Year.

AML training for UK art market participants is not a recommendation but a regulation. Staying compliant with anti-money laundering regulations is crucial to avoid risks from #moneylaunderers and HM Revenue & Customs fines, leading to financial and reputational damage. Our live, in-person training sessions, led by seasoned art market specialists with extensive industry experience. Engage in discussions, get your queries addressed, and safeguard your business and reputation. Book in for training today: https://lnkd.in/efGH5MrU #AMLTraining #ArtMarket #ComplianceTraining

🚨 FCS WINTER TRAINING SALE 🚨 AML training for Art Market Participants and UK Estate Agency businesses is not just a recommendation—it’s a regulation. What better time than now to book your training with a 20% discount? Time is running out, so book here today: https://lnkd.in/eePq6W8m Staying compliant with anti-money laundering regulations is crucial to avoiding risks from hashtag#moneylaunderers and HM Revenue & Customs fines, which can lead to financial and reputational damage. Our live, in-person training sessions are led by seasoned specialists with extensive industry expertise. Engage in discussions, get your queries addressed, and safeguard your business and reputation. Terms and conditions apply: Offer valid until 31 December 2024 on FCS Compliance training course dates taking place between 28 November 2024 and 28 February 2025. Use code WIN20 at checkout to claim.

🚨 A Landmark AML Victory: What the NCA's Latest Success Means for You 🚨 In June 2023, the National Crime Agency (NCA) secured a major victory in combating money laundering within the UK real estate market. After a six-year investigation, two high-value assets—the £14 million Knightsbridge house and a prestigious Ascot golf club—were forfeited, tied to the wife of jailed banker Jahangir Hajiyev. This case highlights how sophisticated financial networks are attempting to infiltrate the property market, making AML vigilance more crucial than ever. Real estate businesses must remain on high alert, ensuring strict adherence to UK AML regulations and robust customer due diligence practices. Neglecting these measures could result in severe legal and reputational consequences. At FCS Compliance, we specialise in guiding real estate professionals through complex AML regulations, ensuring compliance and safeguarding your business reputation. 🔗 Read the full article to understand how you can fortify your AML processes and protect your business. https://lnkd.in/egfyG3dg #AMLCompliance #RealEstate #PropertyCompliance #NCA #FCSCompliance #DueDiligence #AntiMoneyLaundering

🚨 FCS WINTER TRAINING SALE 🚨 AML training for Art Market Participants and UK Estate Agency businesses is not just a recommendation—it’s a regulation. What better time than now to book your training with a 20% discount? Time is running out, so book here today: https://lnkd.in/eCstvzYs Staying compliant with anti-money laundering regulations is crucial to avoiding risks from #moneylaunderers and HM Revenue & Customs fines, which can lead to financial and reputational damage. Our live, in-person training sessions are led by seasoned specialists with extensive industry expertise. Engage in discussions, get your queries addressed, and safeguard your business and reputation. Terms and conditions apply: Offer valid until 31 December 2024 on FCS Compliance training course dates taking place between 28 November 2024 and 28 February 2025. Use code WIN20 at checkout to claim.

Uncovering the Hidden Risks in UK Property A recent analysis by Transparency International UK, exposed how nearly £6 billion of suspected illicit wealth has flowed into UK property through offshore secrecy in British Overseas Territories. This highlights a critical challenge for the property sector: identifying and mitigating the risks posed by anonymous ownership structures. At FCS Compliance, our team are experts in uncovering the true owners behind these complex arrangements, ensuring businesses stay protected and meet their AML obligations. Click below to explore the full article and gain deeper insights into how this affects compliance in the property sector: https://lnkd.in/e5kR7t6Z #AML #Compliance #PropertyMarket #TransparencyInternational #UKProperty

🎨💼 Key Updates for Art Market Participants (#AMPs) In a recent webinar hosted by Artlogic, Rena Neville, Head of the Art Division at FCS Compliance, shared critical insights into evolving legislation affecting the #art market: 📌 Expected Changes in the UK - Conversion of the €10,000 threshold to a GBP figure (possibly  £8,000?). - Updated National Risk Assessment—will the art market still be labelled high risk? - Increased penalties for non-compliance, mirroring trends in France. 📌 Developments - By May 2025, AMPs in the UK will be added to the Office of Financial Sanctions Implementation’s regulated sector, significantly increasing oversight. 💡 For art market participants navigating these changes, staying ahead of #compliance is critical. Watch the full webinar featuring an expert panel moderated by Simon Oldfield, with Susan J Mumford and Andrew Boos, for deeper insights. 👉 Watch Now https://lnkd.in/gV6ktD4W

Take Control of HMRC Inspections with FCS Compliance Whether you’re facing an imminent HMRC inspection or simply want to take proactive steps to ensure you're fully prepared, FCS Compliance is here to support you. Our growing suite of consultation and support services is tailored to meet your needs, no matter where you are in the process. 🔍 NEW: Mock HMRC Inspection Service Be inspection-ready with confidence. We’ll guide you through a process that mirrors a real HMRC inspection, helping you identify potential risks and addressing them before they become problems. 🤝 HMRC Inspection Support Service If an inspection is scheduled, you won’t face it alone. From pre-inspection preparation to in-person support during the inspection and assistance with any follow-up actions, our AML experts are with you every step of the way. 🔑 Being prepared isn’t just for those under the spotlight—it’s for those who want peace of mind knowing they’re compliant and inspection-ready. 📞 Ready to feel confident and compliant? Request a callback today to learn more about how we can help. https://lnkd.in/eJfz5-Fb #HMRCInspection #AMLCompliance #FCSCompliance

🚨 Last Chance to Register! Free Webinar on Property Compliance 🚨 Are you ready for the 2025 compliance landscape? On 27 November at 11am, join this live webinar hosted by Reapit and PayProp United Kingdom, featuring expert insights from our Lead AML Consultant, Malcolm Driscoll (MA AICA Int. Adv. Cert). This is your opportunity to stay ahead of upcoming EPC requirements, navigate evolving AML regulations, and prepare for new lettings legislation that will impact the industry. Key Takeaways: ✅ Practical steps for complying with updated EPC standards. ✅ Tips to mitigate risks through AML best practices. ✅ A clear understanding of new rental market legislation. The panel will be led by Neil Cobbold, Commercial Director at Reapit & PayProp, and our very own Malcolm Driscoll, bringing over 30 years of AML expertise to the table. 🕒 Webinar Details: 📅 Date: 27 November 2024 ⏰ Time: 11am - 12pm 🎟️ Free to attend Don't miss out on this must-attend event for property professionals. Spaces are filling fast, so register now! 👉 Sign up here: https://lnkd.in/ekRfQ7di #PropertyCompliance #AML #LettingsLegislation #EPC

📢 Attention Letting Agents: Are You Compliant with OFSI’s Latest Guidance? The Office of Financial Sanctions Implementation (OFSI) has released updated guidance, and it’s essential for letting agents to understand their 3 key obligations under UK financial sanctions: ✅ Identify Designated Persons: Ensure your tenants, landlords, and other parties are not listed under financial sanctions. Conduct robust checks against the UK Sanctions List. ✅ Report Suspicions Promptly: If you suspect a transaction involves a sanctioned individual or entity, you must notify OFSI immediately with the relevant details. ✅ Strengthen Screening Processes: Enhance your due diligence, especially for overseas clients or unusual transactions, to minimise risks and protect your business. 💡 Why It Matters: Non-compliance can lead to severe penalties, including fines, legal action, and reputational damage. By staying informed and proactive, you safeguard your business while contributing to broader financial security. Read the full guidance here: https://lnkd.in/eXiBHBvA Need help ensuring your processes are up to date? Get in touch to learn how we can support your compliance journey. #LettingAgents #Compliance #FinancialSanctions #OFSI #AML