Penalties

Question 1

Ethics:

What four actions can be instigated by the head of regulation?

Answer 1

1. Serve a fixed penalty notice
2. Make a regulatory compliance order
3. Refer the matter to a single member of the regulatory tribunal for consideration
4. Refer the matter directly to the disciplinary panel

Question 2

What are the three levels of disciplinary action?

Answer 2

1. Action by head of regulation
2. Disciplinary panel
3. Appeal panel

Question 3

Social media

Answer 3

The RICS will investigate social media including behaviour that is:

Abusive, Discriminatory, Dishonest, bullying or ignoring previous warnings about concerns

They will not investigate:

Criticism of an organisation, posts using professional and respectful language or when the post is removed when requested.

Question 4

Bribery

Answer 4

Policed by the serious fraud office, the maximum penalty is 10 years imprisonment and/or an unlimited fine.

Question 5

Failure to comply with Anti-money Laundering regulations

Answer 5

Maximum 14 years in prison and or unlimited fine for assisting with money laundering

Maximum 5 years in prison and or unlimited fine for tipping off someone under suspicion of money laundering.

Question 6

Data Protection

Answer 6

Up to 4% of global turnover or £17.5 million, whichever the greater (policed by the ICO - Information Commissioners Office)