IT COULD BE YOU - A Gibraltar estate agent has been fined for breaching anti-money laundering obligations.
12/05/2023
Gibraltar estate agent AML FINES
- On May 4, 2023, Property Promise was fined £850 by the Gibraltar office of fair trading, by following an on-site inspection.
- In the last year, 24 on-site visits have been carried out, resulting in nine fines totalling over £12,000.
Property Promise
- The visit formed part of an ongoing OFT programme aimed at ensuring estate agents are meeting their obligations under the Proceeds of Crime Act and the Sanctions Act.
- Although no evidence of money laundering or terrorist financing was found at Property Promise, several breaches and deficiencies were highlighted.
- As the business failed to pay the fine within the set time frame, the OFT decided to make their name public.
- In the last year, 24 on-site visits have been carried out, resulting in nine fines totalling over £12,000.
Sources
https://www.gbc.gi/news/local-estate-agent-fined-breaching-anti-money-laundering-obligations
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.