September 25 2019
The Monetary and Financial Code requires real estate professionals to have systems for identifying, assessing and managing money laundering and terrorist financing risks to which their business is exposed (articles L. 561-4). – 1, L. 561-32 and R. 561-38 of the Monetary and Financial Code). This obligation involves identifying the risks of money laundering and terrorist financing in order to establish a risk map to choose the appropriate degree of vigilance.
It is necessary for this to develop “internal protocols” to set up upstream relations with customers, tailored to the particular situation of the professional. These protocols must be formalized in writing and made available to all employees of the professional. It must make it possible to cover all the obligations applicable to the fight against money laundering and the financing of terrorism.