Clause 12

by deleting the word “and” at the end of paragraph (d); and

by deleting the full-stop at the end of paragraph (e) and substituting a semi‑colon, and by inserting immediately thereafter the following paragraphs:“(f)provide for the prevention of money laundering and terrorism financing, or for the reporting of transactions which may involve money laundering or terrorism financing, necessary or expedient to give effect to any relevant FATF Recommendation, including describing —

the measures which a developer must take when preparing for or carrying out any transaction concerning a building project; (ii)the customer due diligence measures which must be conducted by a developer to prevent money laundering and the financing of terrorism; and

the additional measures relating to targeted financial sanctions against terrorism which a developer must take when preparing for or carrying out any transaction concerning a building project; and

prescribe such saving and transitional provisions as may be necessary or expedient.”.