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Real Estate AGENTS: The EDA assists you in fulfilling your professional obligations in the fight against money laundering
Posted on 20 November 2018 in News > Real Estate, Construction & Urban Planning

The EDA assists you in fulfilling your professional obligations in the fight against money laundering and the financing of terrorism in the context of its mission of monitoring and control of professionals in the Non-financial sector. The EDA launched on 16 November a practical guide to accompany the real estate agents in the implementation of their professional obligations under the amended Act of 12 November 2004.

In the view of the EDA, the aim of this guide is to "educate professionals about the risks of laundering and the financing of terrorism in the real estate sector, but also to provide guidance to real estate agents To avoid transactions related to the risk of laundering and the financing of terrorism, which may incur liability. The EDA states that it is up to the professionals to "take inspiration from the guide but not substitute it for their obligation to adapt their internal procedure for laundering and the financing of terrorism according to the size and activity of the Company as well as the nature of its clientele ". Download the guide here

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