Singapore legislation

Regulation 16

of Housing Developers (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Rules 2023

Regulation 16

Identifying risks from new technologies, etc.

Amended byS 462/2025 wef 01/07/2025

A licensed housing developer must identify and assess the risks of money laundering, proliferation financing and terrorism financing that may arise in relation to —

(a)

the development of any new service or new business practice (including any new delivery mechanism for any new or existing service); and

(b)

the use of any new or developing technology for any new or existing service.

Read in full context — Housing Developers (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Rules 2023 →