AML Update: Latest HMRC Fines & New Financial Sanctions Obligations for Lettings

With HMRC swift to publish the updated list of penalties, there’s no doubt Anti-Money Laundering (AML) compliance will remain a top priority in 2025. The pressure to stay vigilant has also intensified, with OFSI (Office of Financial Sanctions Implementation) introducing new financial sanctions laws for all lettings professionals. Coming into force this May, these rules will impact every letting agent, regardless of a property’s rental value.

Staying up-to-speed and fully AML compliant is imperative. To help you navigate these changes and minimise the risk to your business, we welcome back Malcolm Driscoll, Lead AML Consultant at FCS Compliance, for a vital AML update.

In this webinar, Malcolm will:

• Share his field observations and what to expect in the year ahead
• Break down the latest HMRC standards and how to stay compliant
• Prepare you for the new sanctions obligations in lettings, including the ongoing monitoring and reporting requirements.

As always, our popular Q&A session will give you the chance to ask questions. Please submit yours when registering and we’ll do our best to answer as many as possible.

About the presenter

Malcolm Driscoll, Lead AML Consultant, FCS Compliance

Having spent over 40 years in the police investigating countless complex fraud and money laundering cases, Malcolm has an in-depth knowledge of how criminals launder on a global scale. At FCS Compliance, Malcolm works with agents daily, supporting them with their AML obligations.