000 01492cam a2200265 4500
001 ABS64041
008 000000n2001 000 0 eng u
035 _a(Sirsi) u112885
100 _aClark, A
245 _aHang the money-launderers out to dry
260 _c2001
490 _aProperty Week
_v66(20) 18 May 2001, 88-89(2)
520 _aIn the light of a recent Financial Action Task Force (FAFT) report which cites real estate as a money laundering area, the article considers the implications for chartered surveyors. Suggests that residential and commercial property agents who are not regulated by the Financial Services Authority (FSA) are most likely to be at risk. Provides a definition of money laundering, outlines the scope of the Criminal Justice Act 1993 and the Money Laundering Regulations 1993, and points to proposed changes to the EU Money Laundering Directive 1991 aimed at estate agents. Includes measures the property industry can take to reduce the risk of money laundering, such as correctly verifying the identity of individuals, and refers to the development of RICS guidelines.
590 _aABS
650 _aMONEY LAUNDERING
650 _aSURVEYORS
650 _aEU DIRECTIVE
650 _aCOMMERCIAL AGENCY
650 _aRESIDENTIAL AGENCY
650 _aPROPERTY AGENTS
650 _aCRIMINAL JUSTICE ACT 1993
650 _aMONEY LAUNDERING REGULATIONS 1993
690 _aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942 _n0
999 _c67202
_d67202