The Financial Intelligence Unit conducted a workshop on Targeted Financial Sanctions and Suspicious Transaction Report, for the Reporting Entities operating in the Real Estate Sector. The workshop covered presentation by FIU officers, sharing of experience and challenges faced by the sector with regards to the AML/CFT supervisory framework. The primary purpose of the workshop was to explain to the sector the legal requirement and obligations and how these apply to the sector. A highly interactive session on the challenges faced by the sector which were subsequently addressed through the intervention of the trainers and the Acting Director of the FIU.
The FIU has a yearly outreach plan in place covering the sector’s outreach needs, on a risk-based approach perspective