FCS Compliance is hosting a free webinar to help property professionals understand the latest changes to anti-money laundering (AML) legislation following recent updates to the Money Laundering Regulations.
The 30-minute session, titled ‘Property AML law and guidance has changed – are you ready?’, will take place on Thursday 16 July at 1pm and will be presented by Stephen Williamson, Lead AML Consultant in FCS Compliance’s Property Division.
The webinar follows HM Treasury’s amendments to the Money Laundering Regulations, announced on 30 June, with further guidance expected in the coming weeks. FCS Compliance said the session will focus on the practical implications of the changes for estate agents and other property professionals.
Williamson said: “We’ll look at what HMRC is likely to expect, where firms may need to make updates, and the steps that should be taken now to strengthen Risk Assessments and Customer Due Diligence (CDD) processes, policies, training and audit trails.”
Specifically the webinar will cover:
+ What the latest Money Laundering Regulation changes mean for estate and letting agents
+ How upcoming HMRC guidance is likely to affect day-to-day AML compliance
+ What HMRC will expect to see in a business’s risk assessment, policies and procedures
+ When Customer Due Diligence and Enhanced Due Diligence should be reviewed or updated
+ How to identify higher-risk clients, transactions and warning signs
+ What records, training and audit trails businesses should have in place
+ Practical steps to take now to strengthen AML controls and be inspection-ready
To register please click here.
