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Property Related Laws Goa Ministry of Housing and Urban Affairs Real Estate (Regulation and Development) Act, 2016

Security Council 1591 Sanctions Committee added two entries on its Sanction list

15-Nov-2024 | F.No.1/RERA/AML/(RE-agent)/2023/1547

Goa Real Estate Regulatory Authority has issued a Circular regarding addition of two entries in the Sanction List. These amendments will be effective from 15th November,2024.

In accordance with this circular, real estate agents who are considered reporting entities under the Prevention of Money Laundering Act (PMLA) are advised to avoid engaging in any transactions with individuals whose identity matches those listed in the aforementioned sanctions lists or notification. If such individuals are encountered, immediate reporting to the Regulator and the Director of the Financial Intelligence Unit of India (FIU-IND) is required.

Additionally, these agents are advised to conduct thorough enhanced due diligence for clients whose names correspond to any of the listed matches.

Please refer to the attached document for more details.

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