Ethics

Question 2

What is RICS CHP?

Answer 2

7 days to acknowledge, 28 days to investigate (first stage), then ADR

Question 3

what is Savills CHP?

Answer 3

3 days to acknowledge, 10 days for first stage investigation, 10 days second stand stage, ADR

Question 4

What are the 6 principles of the bribery act?

Answer 4

1. proportionality
2. due diligence
3. top level commitment
4. risk assessment
5. communication
6. monitoring and review

Question 5

penalties for bribery act

Answer 5

10 years imprisonment, unlimited fine

Question 6

penalties for Money laundering

Answer 6

14 years for assisting, 5 years for tipping off someone

Question 7

what is the proceeds of crime act?

Answer 7

gives police more investigative powers in terms of money laundering
quick recovery of assets that have been obtained illegally

Question 8

who is the bribery act policied by?

Answer 8

Serious Fraud Office

Question 9

what did you AML checks in kelvedon include?

Answer 9

checking for any red flags
checking the vendor is who they say they are - their identity checks
checks on the prospective purchaser when the bid has been accepted

Question 10

In terms of professional indemnity insurance – what is it and what are the levels required for PII?