Category Archives: Compliance

FRC Practice Aid for Audit Committees – May 2015 update

For accountants, bankers and audit committees in general there is new guidance from the Financial Reporting Council (FRC) which affects their audit responsibilities. These changes will also impact anyone who has audit and/or corporate governance responsibility within their organization or … Continue reading

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AML Update: Channel 4 exposes Estate Agents as facilitators for money laundering

The recent Channel 4 documentary “From Russia With Cash” has shown 5 London estate agents turn a blind eye to a potential money laundering scenario when presented with a corrupt foreign purchaser at a property viewing. The programme heightens the … Continue reading

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Top 5 tips for Director’s decision making compliance

Are you a Director of a Company? Did you know that any business decisions you make must comply with the Companies Act and your Company’s Articles of Association? Most directors know this in theory, but few take the steps to … Continue reading

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HMRC telephone calls to Estate Agents to monitor Anti-Money Laundering compliance

HM Revenue and Customs (HMRC) have a number of Anti-Money Laundering Compliance Officers working through registered agencies to ensure that each business is up to date with their compliance activities. There are a number of regulations and obligations which Estate … Continue reading

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National Crime Agency (NCA) Requirement on Suspicious Activity Reports (SAR’s)

If you work within the regulated sector, you may know that during the last 12 months, the UK Financial Intelligence Unit (UKFIU) has worked with the reporting sectors towards improving the quality of Suspicious Activity Reports (SARs). This has included: … Continue reading

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