AML/CFT Virtual Training for REAs and HVGDs

Published: Tuesday, 11 January 2022

On the 11th January a free virtual presentation was arranged by the Office of Fair Trading (OFT) for local real estate agents and high value goods dealers. The OFT is the anti-money laundering and countering the financing of terrorism (AML/CFT) Supervisory Authority for these businesses.

The presentation was delivered by local consulting firm X-Reg and the Gibraltar Financial Intelli-gence Unit (GFIU). The presentation covered various topics including beneficial ownership, political exposed persons, record keeping, targeted financial sanction (TFS) checks on both Terrorist Financ-ing (TF) and Proliferation Financing (PF).

The OFT arranged the presentation to assist local businesses to understand and meet their AML/CFT, TFS, TF and PF obligations and to provided compliance officers with an opportunity to better identify and mitigate the risks facing their business.
The OFT would like to thank X-Reg and the GFIU for their support.

Visit the OFT’s website for extensive AML/CFT Guidance for real estate agents and high value goods dealers: 

See the offical Government of Gibraltar Press Release here.