FCS Compliance has announced the latest in its anti-money laundering (AML) series of webinars with Rightmove.

The Role of Reliance in Anti-Money Laundering, which is free to Rightmove members, is to be presented by Malcolm Driscoll, lead AML consultant at FCS Compliance, between 10.00 am – 11.00 am on Tuesday 18 October.

Reliance is central to the AML process but often causes confusion.

Driscoll explained: “Reliance occurs when one property professional relies on another’s customer due diligence (CDD) to meet their own CDD obligations.

“It’s a frequent occurrence as many agents will recognise, but a far from clearcut process.  In this webinar we aim to provide a straight-talking guide to what’s needed to remain compliant, while seeing through a sale or let.”

With more than 40 years’ service in the police in the investigation of serious and complex financial crime, Driscoll has an in-depth knowledge of how criminals seek to launder the proceeds of criminal activity on a global scale and has extensive experience working alongside regulatory bodies, including HMRC and the FCA.

The webinar which will include an opportunity to ask questions, will cover:

• The meaning of Reliance
• The practicalities of Reliance on a day-to-day basis
• Common misunderstandings of what Reliance is
• The consequences of incorrect application
• The role of Reliance in a sub-agency relationship

Free to Rightmove members, registration for the webinar is through the Rightmove Hub.