Explain the purpose and scope of PMLPFTF legislation and regulations in Singapore and their application to real estate transactions.

Demonstrate knowledge of the duties laid down in the Estate Agents (Prevention of Money Laundering, Proliferation Financing and Terrorism Financing) Regulations 2021 (or PMLPFTF Regulations) as well as other applicable laws, regulations and regulatory guidelines

Apply Customer Due Diligence (CDD) and determine the risks of Money Laundering/Proliferati on Financing/Terrorism Financing (ML/PF/TF) before facilitating property sale or purchase transaction.

Apply risk assessment including understanding the concept of beneficial ownership and be familiar with the list of suspicious indicators.

Determine the need to file suspicious transaction reports (STR) under CDSA and carry out duty to provide information pertaining to terrorist financing to Singapore Police Force (SPF) under TSOFA.