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Home > Activities > News > APML signs Cooperation Agreement with the Ministry of Construction

APML signs Cooperation Agreement with the Ministry of Construction

11-Jan-2019 13:41:09

APML concluded a Cooperation Agreement with the Ministry of Construction, Traffic and Infrastructure, on the basis of the National ML Risk Assessment and National TF Risk Assessment, which were adopted by the Government on 31 May 2018 and which marked construction business as posing certain risk for money laundering, in terms of investments in construction of residential and business facilities and purchase of real estate. In line with the Agreement, the APML and the Ministry will jointly work on developing guidelines and recommendations for identifying suspicion of money laundering or terrorism financing, based on which the Ministry will inform the APML on any suspicious activity detected in the course of their work, such as issuing construction licenses, legalization of buildings or supervisory inspection.

2011 Administration for the Prevention of Money Laundering