The OFT carries out regular inspections of Gibraltar businesses. ñito salas
Gibraltar estate agency fined by Office of Fair Trading

Gibraltar estate agency fined by Office of Fair Trading

Kristina Szekely International Realty has received a financial penalty of £7,000 for breaches and deficiencies in anti-money laundering and anti-terrorism financing procedures

Debbie Bartlett


Friday, 4 March 2022


The Gibraltar Office of Fair Trading has fined Kristina Szekely International Realty £7,000 after a routine inspection in November last year found breaches and deficiencies in the way the business operates its anti-money laundering and anti-terrorismfinancing obligations.

It is the OFT’s role as a supervisory body under the Proceeds of Crime Act 2015 to ensure that real estate agents and high value goods dealers in Gibraltar comply with their AML/CFT obligations and these inspections of local businesses are carried out on a regular basis.

Since November, the OFT has carried out 12 onsite visits in Gibraltar, and issued 12 action plans and four warning notices regarding between £400 and £4,000 worth of financial penalties, in addition to this case.



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