Ensuring Compliance: Why Real Estate Brokers Must Adhere to the Anti-Money Laundering Council in the Philippines
Real estate brokers play a pivotal role in property transactions, facilitating deals and ensuring smooth exchanges between buyers and sellers. However, with the potential risk of illicit financial activities, it’s imperative for these professionals to uphold the standards set by the Anti-Money Laundering Council (AMLC) in the Philippines. Compliance with AMLC regulations not only safeguards the integrity of the real estate industry but also contributes to the country’s efforts in combating money laundering and terrorist financing.