Estate agents should also bear in mind higher risk relationships with Domestic Prominent Influential Persons ( DPIPs ) or Foreign Prominent Public Officials ( FPPOs ) and incorporate this risk factor into their risk rating schemes . DPIPs and FPPOs are considered higher risk due to the status derived from their bureaucratic power and their ability to leverage departments for their resources . In addition , other risk factors include clients who are from countries that are regarded as being at higher risk for target by money launderers identified by the FATF as having AML / CFT weaknesses , countries subject to a travel ban or countries regarded as tax havens .
In terms of terrorist financing risk , estate agencies that enter into business relationships with non-profit and nongovernmental organisations should ensure that the related
SA Real Estate Investor Magazine AUGUST 2022 193