ESTATE SURVEYORS AND VALUERS REGISTRATION BOARD OF NIGERIA (ESVARBON)

Regulating the Valuation and Property Profession

COMPLIANCE WITH THE MONEY LAUNDERING (PREVENTION AND PROHIBITION) ACT, 2022

Reference to Code 4 of the Code of Professional Conduct for Estate Surveyors and Valuers, 2015 which provides thus:

“A Registered Estate Surveyor and Valuer shall comply with all conditions of any statutory system or regulating requirements of existing statutes relating to the practice”

and Section 30 of the Money Laundering (Prevention and Prohibition) Act (MLPPA) 2022 which classified dealers in real estate, developers, estate agent and brokers as Designated Non-Financial Business Profession (DNFBR), The Estate Surveyors and Valuers Registration Board (ESVARBON) arising from its Board meeting of 8th December, 2022 hereby draws the attention of Registered Estate Surveyors and Valuers to the provisions of the MLPPA, 2022 and more particularly section 7 of the Act which borders on Suspicious Transaction Reporting (STR) to the Nigerian Financial Intelligence Unit (NFIU).

Information on how to detect suspicious transactions and filling STR have been sent to email of registered persons and are available on the website of the Board.

Dated this 14th day of December, 2022

Signed:

ESV Ifeanyi Uzonwanne, FNIVS, RSV
Registrar, ESVARBON

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