UK: Crackdown Begins on Agents Who Ignore Bribery, Corruption and Money Laundering

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The Royal Institution of Chartered Surveyors (RICS) is to lead a global crack-down on agents to enforce minimum standards of anti-money laundering prevention within the industry and tackle criminal activity head on.

This is to include a ‘professional statement’ they will need to sign up to which will now be consulted on until the end of July.

It will require them to report any breaches by other agents of anti-bribery and corruption laws and to tell bosses if they receive charity sponsorship donations from suppliers that could be construed as a bribe.

RICS’ announcement coincides neatly with yesterday’s landmark ruling by the Court of Appeal in two property fraud cases.

Read the original article here: thenegotiator.co.uk


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