10 Costly AML mistakes and how to avoid them

What can kill a deal, ruin a reputation, and incur huge fines? ….Non-compliance with the UK Money Laundering Regulations.

In light of another 254 estate agencies being fined over £1.6m for non-compliance, the stark reality is many agencies’ AML processes are failing to meet the expected standards of the HMRC inspectors.

Similarly, when it comes to customer due diligence, shortcuts, errors and oversights are frequently leading to the derailment of deals and lost business opportunities. In many cases, these damaging compliance mistakes could easily be avoided.

In this webinar, we welcomed back Malcolm Driscoll, Lead AML Consultant at FCS Compliance, who helped with:

• The 10 most common compliance pitfalls you can easily avoid
• Recent instances of fines imposed on estate agency businesses
• The consequences of non-compliance, including potential fines, deal fall throughs, and reputational damage.

With extensive experience in global financial investigation gained in the police and many years of working daily alongside agents, Malcolm is one of the industry’s most recognised AML experts.

Click the below handout button for your exclusive written summary of the Q&A – Ideal for rapid sharing of knowledge