000 01413cam a2200253 4500
001 WB4008-02
008 040226n2004 000 0 eng u
035 _a(Sirsi) u125233
245 _aEU tightens money laundering laws
260 _c2004
490 _aRICS Press Release
_v(pr021) 25 February 2003 (2)
520 _aMoney 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
590 _aWB
590 _aWB
650 _aMONEY LAUNDERING REGULATIONS 2003
650 _aPROPERTY AUCTIONS
650 _aBANKING
650 _aCASINOS
650 _aBUREAUX DE CHANGE
650 _aArts and antiques
_96217
650 _aPROPERTY PROFESSIONALS
690 _aBusiness and management
_96226
942 _n0
999 _c117057
_d117057