New focus to help cut financial crime risks

Global real estate and land management standards body RICS is helping members to cut the risk they face from financial crimes.

The organization is consulting on a new standard that aims to mitigate exposure to crimes including bribery and corruption, money laundering, and terrorist financing.

It hopes to engage with stakeholders worldwide on whether its proposed Professional Statement meets their needs.

The Professional Statement aims to provide a clear description of how to manage the risks posed by bribery and corruption, money laundering and terrorist financing and is aligned to the RICS Rules of Conduct. It sets out professional and ethical behavior by providing practitioners and firms with clear and consistent principles on what constitutes a breach of conduct.

More details are at rics.org/amlps

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