Money laundering Preventing financial crime in property
Language: English Series: Letting Update Journal ; 23(4) January 2016, 12-15(4)Publication details: 2016Subject(s): Summary: Explans what Money Laundering is, outlines why it is illegal and how it is done. The Money Laundering Regulations 2007 set out administrative requirements for the anti-money laundering regime within the regulated sector which includes estate agents requiring them to register with HMRC. Letting agents are excempt unless they are involved in property sales. Looks at how estate agents and letting agents must comply with the provision of the Proceeds of Crime Act 2002 including issues such as monitoring and reporting suspicious activity, managing risks, due diligence and carring out identity checks.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L159102 (Browse shelf(Opens below)) | 1 | Available | 159102-1001 |
Explans what Money Laundering is, outlines why it is illegal and how it is done. The Money Laundering Regulations 2007 set out administrative requirements for the anti-money laundering regime within the regulated sector which includes estate agents requiring them to register with HMRC. Letting agents are excempt unless they are involved in property sales. Looks at how estate agents and letting agents must comply with the provision of the Proceeds of Crime Act 2002 including issues such as monitoring and reporting suspicious activity, managing risks, due diligence and carring out identity checks.