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

Security Council Al- Shabaab Sanctions Committee Amends three entry on its Sanction list

30-May-2024 | F.No. 1/RERA/AML/(RE-agent)/2023/766

Goa Real Estate Regulatory Authority has issued a Circular regarding amendments to three entry in the Sanction List of the Security Council Al- Shabaab Sanctions Committee. These amendments will be effective from 8th May, 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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