10th March 2022
The Financial Intelligence Analysis Unit (FIAU) would like to inform subject persons, representative bodies and interested parties that the Financial Action Task Force (FATF) has published a draft of its Risk-Based Guidance to the Real Estate Sector for public consultation.
This updated publication intends to provide guidance and support to private sector practitioners, supervisors, regulators and policymakers towards a more effective anti-money laundering and countering the funding of terrorism (AML/CFT) system. More information on the draft Guidance, including the draft Risk-Based Guidance itself, may be found on the FATF’s website or by clicking the button below.
Although this FATF guidance is non-binding, it supports the national AML/CFT legislative framework. Subject persons, especially real estate practitioners, experts and individuals/entities involved in the real estate business are encouraged to submit their views on this draft proposal.
The deadline for this consultation is the 22nd of April 2022 (18h00 CET). As an authority, the FIAU will be making its own submissions and is also encouraging subject persons to provide their feedback to the FATF via email on [email protected] with the subject-line “Comments of [author] on the draft FATF RBA Guidance”. Please click on the link below for further details.