Money laundering and terrorism financing obligations also apply to real-estate agents - .PDF file.
Real-estate agents are listed as professionals covered by the Luxembourg law of 12 November 2004 on the fight against money laundering and terrorism financing and as such have obligations to fulfil in order to prevent money laundering and terrorism financing. In this respect, on 29 April 2013, the Land Registration and Estates Department issued a new circular presenting the provisions applicable to real-estate agents. Here are the key points in order to comply with these legal provisions…
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