Singapore legislation

Regulation 16

of Estate Agents (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Regulations 2021

Regulation 16

Identification and assessment of risks from new technologies, etc.

Amended byS 461/2025 wef 01/07/2025

A licensed estate agent 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 — Estate Agents (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Regulations 2021 →