Video on Filing of Real Estate Activity Report (REAR) on goAML
Video on Filing of Real Estate Activity Report (REAR) on goAML
Real estate agents, brokers, lawyers, and independent legal firms must report specified transactions related to real estate to FIU in the prescribed format called Real Estate Activity Report (REAR). This video will help you understand various requirements around REAR report submission.
- REAR applicability to Real Estate Agents and Brokers
- REAR applicability to lawyers and independent legal firms
- Circumstances warranting submission of REAR on the goAML portal
- REAR applies to buying and selling of freehold property only
- Monetary threshold around REAR submission for cash and crypto transactions
- Documents to be submitted along with REAR
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Related Laws, Guidelines, Rules, and Regulations
- Real Estate Activity Report (REAR) submission by real estate brokers and agents and law firms as per Circular Number: 05/2022
- AML supplemental guidance for the real estate sector in UAE
Ministerial Decision on AML for lawyers – by Ministry of Justice - Lawyers’ Guide on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations
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