AML, Briber And Corruption Flashcards
1
Q
When was the countering bribery and corruption, money laundering a terrorist finance professional statement issued?
A
February 2019
2
Q
What is an RICS Professional Statement?
A
Mandatory requirements for RICS members and regulated firms
3
Q
How many parts in the Bribery, corruption, money laundering and terrorist financing divided up into?
A
3
- Mandatory Requirements
- Guidance setting out good practice
- Supplementary guidance
4
Q
In relation to bribery and corruption what must RICS regulated firms?
A
- not offer or accept anything that could constitute a bribe
- Have plans to comply with applicable laws concerning briber and corruption
- Report any activity
- act with due diligence
- Retain information detailing how firm has met the requirements in the professional statement
5
Q
In relation to bribery and corruption what must RICS members do?
A
- not accept or offer anything that could constitute a bribe
- ensure they have adequate knowledge of briber and corruption
- report any activity they are aware of
6
Q
In relation to ML and TF what must RICS firms do?
A
- not facilitate
- have systems and training in place to comply with laws
- report any suspicions of ML & T
- evaluate periodically risks
- record and retain info
7
Q
In relation to ML and TF what must RICS firms do?
A
Not facilitate
Report any suspicions
8
Q
Guidance: What should RICS firms do for bribery and corruption?
A
- Written policy
- have governance and systems in place
- gifts and hospitality register
- provide clear guidance to staff
- appoint a contactable person
