AML / Bribery

Question 1

What are the 9 points in Money Laundering, Terrorist Financing and Transfer of Funds 2017

Answer 1

1. AML Risk Assesment
2. AML Procedures - implement.
3. Internal Controls
4. Training
5. New Customer EDD, CDD, SDD
6. PEP Requirements
7. Record Keeping
8. Run AML
9. Identify High Risk Factors When Dealing With High Risk Parties.

Question 2

What is the structure of RICS Preventing Bribery & Corruption 2019

Answer 2

1. Mandatory Requirements
   - Bribery & Corruption
   - Money Laundering
2. Guide for Good Practice
   
   • Written policy
   • gifts register

Question 3

Principles of Bribery Act 2010

Answer 3

1. Proportionality
2. Top Level Commitment
3. Risk Assessment
4. Due Diligence
5. Communication
6. Monitor and Review

Question 4

Three main offences under the Proceeds of Crime Act 2002

Answer 4

Concealing
Arranging
Acquiring

Question 5

What is the RICS statement on handling client money?

Answer 5

Client Money Handling 2019