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NEWS: FATF releases revised risk-based approach for real estate sector as watchdog warns sector needs to take ‘appropriate measures’ to mitigate illicit finance risks 

By Elizabeth Hearst for AMLi

The Financial Action Task Force has released its revised risk-based approach guidance for the real estate sector, and warned the sector needs to take “appropriate measures to adequately mitigate” risks. 

“Real estate is a popular choice for investment, but it also attracts criminals who use real estate in their illicit activities or to launder their criminal profits,” said FATF. 

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