Requirements for real estate agents, lawyers to be clarified under new anti-money laundering measures
Real Estate
The measures were recommended by an inter-ministerial committee that drew lessons from the billion-dollar money laundering case. SINGAPORE: When real estate agents are at work, some of the clients they interact with may be representing other people. Clients may be acting on behalf of the beneficial owner – the person who ultimately enjoys the benefits of owning the property, even if it is in another name. The government will soon make it clear that real estate agents need to identify and take “
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