19 - Other AML Legislation - Sanctions List Flashcards
1
Q
What other legislation is relevant to Bribery and AML?
A
Sanctions and Anti-Money Launder Act 2018
2
Q
What is the Sanctions and Anti-Money Launder Act 2018?
A
OFSI - Office of Financial Sanctions Implemenations regularly updated. You can subscribe to updates on these notices.
If your clinet is a possbile match, you must contact OFSI.
3
Q
Can you provide some countries on the sanctions list?
A
Russia
North Korea
4
Q
Is ther any RICS guidance on sanctions?
A
RICS Anti-money laundering sanctions update, 2022
provides a reminder about sanctions and estate agents’ role in enforcing them
5
Q
What legislation allows authorities to recover the proceeds of crime in the UK?
A
The Proceeds of Crime Act (2002).
