What will the seminar cover?
The seminar will provide practitioners with a summary of the key provisions of the Bribery Act 2010 and the Proceeds of Crime Act 2002 and the associated regulations. The seminar will outline the key criminal offences created by each act and their respective penalties. The seminar will also summarise the steps which should be taken by RICS-accredited practitioners and firms as part of their compliance systems and policies.
Why is this important?
The property and construction sectors are considered high risk in terms of money laundering and bribery and corruption. Practitioners will need be mindful of the risks that property transactions will be used for the purposes of laundering the proceeds of crime and the risks associated with hospitality and gifts within the sector. As with all high risk professions, it is important that adequate safeguards are in place to protect members of the public and to protect the reputation and good standing of chartered surveyors.
What are the duties on practitioners?
Practitioners need to take steps to ensure that these risks are guarded against and that they don’t inadvertently facilitate criminal behaviour. In some instances there will be a positive duty on practitioners to report matters to the authorities. Failure to properly guard against these risks can put practitioners at risk of regulatory action by RICS and may lead to allegations that they have breached RICS’ Code of Conduct and failed to act with integrity. In serious cases such failures may lead to criminal prosecution.
Will the seminar count towards your CPD requirements?
Yes, this will be part of RICS’ CPD Foundation and will count as one hour of CPD.
Who will be speaking?
The seminar will be delivered by experts in this field from Stephensons Solicitors LLP:
- Martin Pizzey is a partner, criminal solicitor and higher court advocate with 25 years of experience in criminal law. Martin will deal with the Bribery Act 2010.
- Carl Johnson is a partner and regulatory solicitor with ten years post qualification experience who manages the firm’s regulatory department. Carl will deal with the Proceeds of Crime Act 2002 and the regulatory framework created by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.