Anti - Money Laundering
The laws to combat money laundering and the financing of terrorism are designed to prevent the financial markets from being misused for these purposes. EU rules in this area are largely based on international standards adopted by the Financial Action Task Force (FATF). They are tailored to the EU’s needs and complemented by national rules.
The real estate sector is directly concerned by the rules against money laundering which oblige real estate professionals to be alert to potential criminal activity and impose reporting requirements.
CEPI’s work focuses on the:
1. Implementation of EU law against money laundering and terrorist financing;
2. Guidance to member associations on the anti-money laundering rules;
3. Representation of the real estate professions in the assessment of risk scenarios for real estate investment concerning money laundering.
4. Orchestrating the defintion & development of a European Anti-Money Laundering tool (AML-tool) implemented by our partner OptimaSys and in tight cooperation with the FATF and the representatives on AML at the European Union. The tool is scheduled for roll-out in the member states first half of 2024.