RICS Rules of Conduct and Global Professional Standards
Countering financial crime (professional standard, 2nd edition) – RICS Rules of Conduct and Global Professional Standards

RICS Rules of Conduct and Global Professional Standards CFC-3F-b: Money laundering and terrorist financing: firm customer due diligence

Regulated firms must find out enough about the client and why the transaction is happening; verify client identity (for example an identity document and proof of address); respond proportionately to identified risks, including client and customer checks; apply enhanced due diligence where the risk is higher (for example where payment for real estate is requested in digital assets), including the source of funds; rely on third parties only with appropriate confidence in their information, keeping ultimate responsibility; examine the supply chain; and carry out proportionate customer due diligence when receiving funds, including their own fees.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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