

Singapore AML Guidance Refined for Property Developers Using Risk-Based Checks
Singapore AML guidance has been refined to clarify that property developers should apply enhanced anti-money laundering checks only to higher-risk home buyers, reinforcing a risk-based approach to customer due diligence rather than blanket scrutiny across all property transactions. In a circular, the Urban Redevelopment Authority (URA) said standard identity verification and database screening would generally be sufficient for most purchasers. Additional due diligence, includ
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