In 2007, the passage of the Proceeds of Crime Act established a number of offences relating to money laundering.  In 2013, the Proceeds of Crime (Designated Non-Financial Institution) (Real Estate Dealers) Order was passed, establishing the Real Estate Board as the Competent Authority for the real estate industry. As the Competent Authority, the Board assumed responsibility for the training, monitoring and (some aspect of) reporting for real estate professionals.

The Real Estate Board brings to your attention the revised public statements published on the Financial Action Task Force’s (FATF’s) website regarding high-risk jurisdictions subject to a call for action and jurisdictions under increased monitoring. A copy of these statements may be accessed on FATF’s website using the links below: