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Protection against money laundering [electronic resource]

By: Contributor(s): Language: English Publication details: London RICS 2007Subject(s): LOC classification:
  • 346.163 $2 18
Online resources: Summary: Provides guidance for businesses on complying with the Money Laundering Regulations 2007. Aimed particularly estate and letting agencies, auctioneers and expert witnesses. Advocates following the risk-based approach recommended in those regulations. The guidance is submitted for treasury approval and if approved, following it will provide a partial defence in court of law. Covers systems and procedures, client due diligence, record keeping, the appointment of a nominated Money Laundering Reporting Officer, training and supervision.

Provides guidance for businesses on complying with the Money Laundering Regulations 2007. Aimed particularly estate and letting agencies, auctioneers and expert witnesses. Advocates following the risk-based approach recommended in those regulations. The guidance is submitted for treasury approval and if approved, following it will provide a partial defence in court of law. Covers systems and procedures, client due diligence, record keeping, the appointment of a nominated Money Laundering Reporting Officer, training and supervision.