Housing Developers (Control and Licensing) Act 1965 · 2020 Revised Edition · Part 3A · Prevention of Money Laundering, Proliferation Financing and Terrorism Financing
12D. Suspicious transaction reporting
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Where a licensed housing developer knows or has reasonable grounds to suspect any matter mentioned in section 45(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992, the licensed housing developer must, in accordance with section 45 of that Act, disclose the matter to a Suspicious Transaction Reporting Officer under that Act by way of a suspicious transaction report.
licensed housing developer
“licensed housing developer” means a housing developer holding a valid licence;
A licensed housing developer that contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.