PHOTO: Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) amendment bill
The Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) amendment bill introduced new obligations to the real estate industry from January 1, 2019. Are you compliant?
This is a major change for the industry, which requires every real estate agency to appoint a compliance officer, implement a compliance programme, continually monitor the programme, report annually to the Department of Internal Affairs (DIA) and, every two years, be audited externally.
While this does understandably put pressure on real estate agents, compliance also has value for business risk management and maintaining your professional reputation.
READ MORE VIA REALESTATE.CO.NZ