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IGCI establishes mechanisms for preventing and combating money laundering and terrorist financing in the sector

Praia, Aug 30 (Inforpress) – The General Inspectorate of Construction and Real Estate (IGCI) has defined the mechanisms for preventing and combating money laundering and terrorist financing in the sector by the entities operating in the national territory.

According to the Official Bulletin, real estate entities must comply with all established procedures as well as those set out in this Regulation and other relevant laws in the prevention and fight against money laundering / terrorist financing.

Therefore, according to the document, published on Wednesday, these entities will have to guide in compliance with the legal and regulatory rules on prevention and control, the definition of an effective risk management model, with appropriate practices for identification and mitigation the risks of money laundering and financing of real estate terrorism.

In addition, it provides for the development of policies, procedures and controls on customer acceptance and compliance with the applicable regulatory framework, as well as other standards that the law defines.

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