Keep it clean
Series: Estates Gazette ; (0346) 15 November 2003, 122-123(2)Publication details: 2003Subject(s): Summary: Examines the extension of the Money Laundering Regulations 2003 into estate agency work within the definition of relevant business. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place with failure to do so becoming a criminal offence. Offers advice on how to spot money laundering including the identification of clients and reference to RICS guidance notes that recommend that auctioneers do not accept payments in cash. Also urges that auctioneers must ensure that employees are aware of theirobligations under the Regulations and the money laundering offences under the Proceeds of Crime Act 2002.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67282 (Browse shelf(Opens below)) | 1 | Available | 124529-1001 |
Examines the extension of the Money Laundering Regulations 2003 into estate agency work within the definition of relevant business. Auctioneers and estate agents will have to put certain anti-money laundering procedures into place with failure to do so becoming a criminal offence. Offers advice on how to spot money laundering including the identification of clients and reference to RICS guidance notes that recommend that auctioneers do not accept payments in cash. Also urges that auctioneers must ensure that employees are aware of theirobligations under the Regulations and the money laundering offences under the Proceeds of Crime Act 2002.