000 01255cab a22002175a 4500
001 L141661
008 071211e20071208xxk f 000 0 eng d
035 _a(Sirsi) u141661
041 0 _aeng
100 1 _aKatz, Etay
245 0 0 _aComply
_bor be taken to the cleaners
260 _c2007
490 _aEstates Gazette
_v(0749) 8 December 2007, 97(1)
520 _aConsiders how the Money Laundering Regulations 2007, which come into force on 15 December 2007, will affect estate agents. Agencies will be required to implement improvements to their money-laundering controls. A risk-based approach is to be taken when applying the requirements. The Office of Fair Trading will supervise compliance. If an agency is unable to complete its customer due diligence requirements then it should not proceed with the transaction. Firms must appoint a Money Laundering Reporting Officer, enforce procedures to enable internal reports and prove staff training. Failure to comply can mean a prison term or unlimited fine.
590 _aKA
650 2 4 _aMONEY LAUNDERING REGULATIONS 2007
651 4 _aUnited Kingdom
_y
690 _aMANAGEMENT-BUSINESS MANAGEMENT-FINANCIAL MANAGEMENT-ACCOUNTING-MONEY LAUNDERING
700 1 _aJohnston, Alison
942 _n0
999 _c79563
_d79563