Pressure is building on the government to bolster defences against ‘dirty money’ in the UK and, with property often the money launderers’ favoured modus operandi, sales and letting agents across the country are seen as at high risk of being used to facilitate this criminal activity. It is, therefore, no surprise that HMRC has recently ramped up its activity and is now frequently approaching agents to inspect their business for AML compliance.
We will be joined by Malcolm Driscoll, Lead AML Consultant at FCS Compliance, a partner of HomeLet and recent Gold winner for ‘Supplier of the Year: Products & Services (Business)’ at The 2021 Negotiator Awards. Malcolm served 40 years in the police working in financial investigation, has in-depth knowledge of how criminals launder on a global scale and extensive experience working alongside regulatory bodies, including HMRC and the FCA.
In the webinar, Malcolm will discuss what agents can expect to happen in an HMRC inspection and the measures that must be taken in order to avoid the severe penalties associated with non-compliance. Attendees will also have the opportunity to put their questions directly to the expert in the dedicated Q&A session.