The Money Laundering Regulations 2007 implementing in part Directive 2005/60/EC came into force across the UK on 15 December 2007.

RICS Members affected by the Regulations need to take the necessary precautions to ensure that they comply with the requirements. The 2007 Regulations replace the Money Regulations 2003.

RICS has produced the following guidance to assist members deal with the Regulations. 

Protecting against money laundering offers guidance for all members on their obligations and gives specific advice to estate agents, letting agents, auctioneers, expert witness and those providing dispute resolution services.

The Office of Fair Trading has produced guidance advising estate agents and consumer credit financial institutions of their obligations under the 2007 Regulations.

This hot topic brings together a list of sources on money laundering available through the RICS Library.

A full list of hot topics is also available.