EU tightens money laundering laws
Series: RICS Press Release ; (pr021) 25 February 2003 (2)Publication details: 2004Subject(s): Summary: Money Laundering Regulations 2003 come into force in the UK from 1 March. Estate agency has been named for the first time as an area of concern says RICS, along with art, antiques and other high value goods as market places vulnerable to abuse. RICS has published guidance for agents who auction property which is an area where cash purchases can be accepted by some auctioneers. Property professionals will now be required to verify buyers' credentials to a greater degree if cash is taken over Euro 15 000. For useful guidance from the RICS on the regulations: http://www.rics.org/resources/standards/money_laun dering.html For the RICS Press Release: http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1134| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4008-02 (Browse shelf(Opens below)) | 1 | Available | 125233-1001 |
Money Laundering Regulations 2003 come into force in the UK from 1 March. Estate agency has been named for the first time as an area of concern says RICS, along with art, antiques and other high value goods as market places vulnerable to abuse. RICS has published guidance for agents who auction property which is an area where cash purchases can be accepted by some auctioneers. Property professionals will now be required to verify buyers' credentials to a greater degree if cash is taken over Euro 15 000. For useful guidance from the RICS on the regulations: http://www.rics.org/resources/standards/money_laun dering.html For the RICS Press Release: http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1134