FATF Updates Guidance for the Real Estate Sector

On July 26, 2022, the FATF updated its Risk-Based Approach Guidance for the Real Estate Sector which outlines the principles and benefits of adopting a risk-based approach to tackling money laundering and terrorist financing in the real estate sector. The revised guidance highlights the importance for the sector to increase its understanding of the money laundering and terrorist financing risks it faces.

The guidance was updated with input from the private sector, including through a public consultation in March-April 2022. 

The guidance can be found here.

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