Partner Tim Allen and Risk & Compliance Manager Alex Ktorides co-hosted this hour-long webinar with Christine O’Rourke, Head of Conduct Standards at the Royal Institution of Chartered Surveyors (RICS).
In accordance with the Rules of Conduct, all RICS members and firms must not facilitate any financial crime including money laundering, tax evasion, bribery or corruption. Firms need to have effective processes in place to prevent directors, partners or employees from doing so.
This webinar provides an overview of the up-to-date requirements, UK legislation and guidance, and some practical tips to ensure your business complies with financial sanctions.
In particular, Tim and Alex respectively focus on:
- the register of overseas entities and what firms need to think about if they are asked to validate information for any overseas entities clients in order to register (Tim Allen to offer a practitioners’ perspective)
- the current position with the sanctions regime, particularly the prohibition on accounting services and how that might catch our firms (Alex Ktorides)