Protect the profession: shape the financial crime standard

“It is vital that RICS members and regulated firms participate in this consultation to strengthen the profession’s collective ability to address emerging financial crimes, ensuring transparency, accountability and ultimately – upholding public interest. Your input during this consultation ensures it is robust, practical, and responsive to the evolving financial risks facing both the built and natural environment.” 

“Participating in this consultation is not only a professional obligation, but also a collective commitment to uphold the integrity of our industry. Your insights will ensure that the standard evolves to effectively safeguard against financial crime, fostering trust, transparency, and resilience within the profession.”

“Financial crime remains a bigger threat to surveyors than some realise,particularly those brokering property transactions. Knowing the risks and therules will certainly help protect members and the profession.”

“Under International Valuation Standards the valuer must follow the ethical principles of integrity, objectivity, impartiality, confidentiality, competence, and professionalism to provide a non-biased valuation and to promote and preserve the public trust. The (2nd Edition) Standard is a key cornerstone to ensure public trust in valuations.”

“This standard is designed to provide comprehensive information and support to RICS members and regulated firms, helping them maintain compliance and mitigate risks associated with financial crimes. By incorporating new sections such as AI that reflect the current business landscape, the updated professional standard ensures RICS members and regulated firms remain agile and effective in addressing evolving threats and global developments.” 

“This is an important framework to safeguard our profession from the increasing threat of economic crime. I encourage all members to review and respond to the consultation.” 

“More than just a reporting role, RICS members are a key line of defence in fending off and preventing misuse of our financial system from bad actors. This is your chance to shape how it’s done so the rules and guidance work for business operations and are proportionate and effective.” 

“Providing concrete insights and helping to identify and manage potential risks is crucial. This is why I strongly encourage all RICS members to take an active part in the consultation.”