The document includes a number of targeted activities aimed at minimizing risks associated with the acquisition and sale of both real estate and movable property.
Starting from the third quarter, one of the main changes will be the requirement for mandatory notarization of real estate transactions.
Additionally, as part of the second initiative, it is planned to establish a threshold amount for real estate transactions, which will allow information to be directed to financial intelligence agencies for mandatory control. This is intended to ensure monitoring of transactions in the real estate sector that exceed the established threshold.
Furthermore, the draft resolution includes the following measures:
- Strengthening criminal law and operational measures in response to the growing threats of legalizing proceeds from fraud and illegal drug trafficking, as well as financing terrorism through fundraising;
- Developing indicators of company fictitiousness and improving procedures for excluding inactive entities from the Ministry of Justice registry to prevent their use in transit schemes;
- Limiting the cashing of funds by legal entities and individual entrepreneurs through bank cash desks;
- Updating risk assessments in the sector and enhancing control over virtual asset service providers.
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