Anti-money laundering regulation for local estate agents and goods dealers

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 Tuesday, November 13, 2018 - 11:06

As part of its continually developing role as AML/CFT (anti-money laundering and countering the financing of terrorism) Supervisory Authority for Real Estate Agents (“REAs”) and High Value Goods Dealers (“HVDs”) in Gibraltar, the OFT is issuing updated versions of its AML/CFT Guidance Notes. These documents have been revised and updated to assist both REAs and HVDs with their AML/CFT obligations. 

The revised guidance notes now answer frequently asked questions and provide additional practical guidance and insights into money laundering issues specific to each industry. These documents, along with new standalone beneficial ownership guidance also being released concurrently, reflect the OFT’s continuing efforts to assist REAs and HVDs to comply with their statutory obligations under the Proceeds of Crime Act 2015 (“POCA”).

13-11-18 PANORAMAdailyGIBRALTAR