Anti Money Laundering Training
Failure to comply with the UK Money Laundering Regulations risks incurring huge fines and damage to the reputation of your business.
Many businesses unknowingly have anti-money laundering processes which fall short of HMRC’s expected standards. 254 businesses engaging in estate agency activities have recently been fined a total of over £1.6 million for non-compliance. Oversights, errors and shortcuts continue to cost businesses.
To help you navigate the regulations and be confident that your processes are up to scratch, the ARP has partnered with FCS Compliance to bring you an exclusive free webinar.
We are delighted to be welcoming Malcolm Driscoll, Lead AML Consultant at FCS Compliance to share his expert insights on:
- The 10 most common AML compliance pitfalls - and how to avoid them
- Recent cases of fines imposed on estate agency businesses
- The real-world consequences of non-compliance - including financial penalties, lost deals, and reputational damage
With a background in global financial investigation and years of hands-on experience supporting agents, Malcolm is one of the industry’s leading AML experts.
Please click here to view this webinar - you will need to be logged in to access this content
In recent years, AML regulations have been extended to relocation businesses which provide either home finding services for buyers or home search services for properties with monthly rents in excess of 10,000 euros. Relocation firms which provide these services must register with HMRC and comply with quite complex AML rules in their day-to-day business. One important rule is that the firm’s staff must receive AML training.
In this session, Gordon Kerr will explain the practical things which firms and their employees must do in order to comply with AML rules, including how to be ready for an HMRC audit.
Here are the links referred to in the video
https://www.gov.uk/guidance/help-and-support-for-anti-money-laundering