Al-Khatib has told Estates Gazette magazine that "the biggest issues [surrounding money laundering] are perhaps ignorance and complacency" although he says the law is clear that agents "have a responsibility to check the identity of customers."
He says RICS wants to have a major role in any future regulation of agents.
"There's a lot professional bodies can do to ensure compliance by members. RICS will be applying to become a Treasury-designated supervisory body for anti-money laundering" he says. This refers to a European Union law to be enshrined in UK law by mid-2017 which allows industry self-regulation and compliance checking.
In the same article - which considers how the industry should respond to revelations of apparent money-laundering made in Channel 4's From Russia With Love - the National Association of Estate Agents says the focus of agents should embrace identifying and assessing buyers as well as sellers.
"Anti-money laundering procedures in the UK have centred on the seller rather than buyer, with agents failing to appreciate the implications of the Proceeds of Crime Act" explains NAEA managing director Mark Hayward.
Read the full Estate Agent Today article here