Real Estate - High risk of money laundering
04 June 2021
Real estate agents and developers - AML-CTF obligations & risks
The Law of 25 March 2020 implementing the V AML Directive entered into force on 30 March 2020.
The Law extended requirements and the scope of the professionals subject to AML/CTF obligations to, inter alia, real estate agents and developers in their capacity of purchase and sale of immovable properties and also when acting as an intermediary in the letting of properties above a defined amount.
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