A new anti-money laundering law launched for public consultation provides for an increase in the number of entities supervised by the institutions, including officials such as ambassadors or charge d’afair, while stricter monitoring is also provided for real estate agents.
In addition to sales and purchases, the latter will also have to report lease relations, when acting as intermediaries for transactions amounting to ALL 500,000 or more.
Other groups that will go through the “sieve”, include individuals who trade goods and services for whom they make payments in physical money in about 1 million ALL or more, statutory auditors and accountants and any other person who provides assistance or assistance for various tax issues.
In the framework of strengthening the preventive measures, the draft envisages, among other things, the change of the minimum value of transactions by the entities, imposing obligations for the declaration even for those smaller than 100 thousand ALL.
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