[28 August] Practitioner guide to Anti-Money Laundering for real estate developers

[28 August] Practitioner guide to Anti-Money Laundering for real estate developers

OVERVIEW     

As a real estate developer, you're required to comply with the Controller of Housing (COH) guidelines, which involve stringent and far-reaching data retrieval. Our course will equip you with the expertise to navigate these regulations effectively, leveraging both horizontal and vertical datasets (deep dive analytics) and our cutting-edge Data Omnichannel Technology Solution (DOTS) for seamless coverage. This course is an opportunity to ensure your business stays compliant and competitive!

TOPICS COVERED

• CDSA (Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Compliance and Best Practices PDPA (Personal Data Protection Act): Compliance and Data Protection Strategies
• Transactional Risk Approach: AML Compliance and Risk Assessment
•  Sectoral Approach to AML Solutions: Adapting to Industry Variations
• Face-to-Face Verification: Best Practices for Agencies and Real Estate Salespersons
• Data Analysis: Unlocking Insights and Identifying Opportunities

LEARNING OUTCOMES 

• Navigating the Guidelines for Real Estate Developers in Singapore: AML Compliance Essentials
• Understanding the Requirements for Money Laundering and Terrorism Financing: Risk Analysis and Prevention Strategies
• Customer Due Diligence: Understanding COH Prescribed Forms, Enhanced Customer Due Diligence, and Compliance Requirements
• Effectively delve into deep dive analysis of Beneficial Owners, evaluation risks of Foreign Buyers, and Foreign Politically Exposed Persons (PEP).
• Gain knowledge in streamlining AML Compliance with relevant technologies
• Ability to issue AML Advisory Report and Suspicious Transaction Report (STR)

TARGET AUDIENCES

• On-site Sales/Marketing Teams
• Compliance Managers/Supervisors
•  On-going Compliance Teams
• Management Professionals in the real estate development industry

CPD Points

3 PDU (PEB)

KNOWLEDGE PARTNERS

Mr William Lai

CEO, Amicus

Mr William Lai graduated from the University of Singapore Law Faculty in 1975. He worked as a solicitor in M/S Lee & Lee and M/S Drew & Napier before setting up his own practice, Wlaw LLC. Whilst in National Service, Mr William served as Senior Investigation Officer with the Special Investigation Branch (Provost Unit). During reservist, he received the “Most Outstanding National Servicemen” Award in 1995 and attained the rank of Captain. In 2021, he received an award from Minister Desmond Lee -Minister for National Development (MND) for his contribution to the “Digitalisation of Property Transaction Procession.” Mr William was also the Operational Advisor (together with Professor Summit Agrawal) to the Myanmar Financial Intelligence Unit (Anti Money Laundering Unit).

 Mr Alvin Wong

Senior Associate Lawyer, Wlaw LLC

Alvin is currently a lawyer with WLaw LLC.  His career spans across both the public and private sectors. Prior to becoming a legal practitioner, he was a law enforcer, having served the Singapore Police Force (SPF) as a regular senior police officer for 15 years.  Before joining the SPF, he was a Private Banker for about 10 years and has accumulated experience in the area of high-net-worth family wealth management and trust advisory.

*Please be advised that we do not accept cancellation after registration. However, participants may wish to register their replacements for the workshop.

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