Singapore legislation

Regulation 16

of Sale of Commercial Properties (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Rules 2023

Regulation 16

Identifying risks from new technologies, etc.

Amended byS 463/2025 wef 01/07/2025

A 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 — Sale of Commercial Properties (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Rules 2023 →