Course

[16 Sep 26] Anti-Money Laundering Compliance for Real Estate Developers

OVERVIEW    

The course is designed to equip real estate developers with the knowledge and skills necessary to comply with Singapore's anti-money laundering (AML), counter-terrorism financing (CTF) and prevention of proliferation financing (PPF) laws and regulations.

The course covers key legislations such as the Corruption, Drug Trafficking and Other Serious Crimes Act (CDSA) and the Terrorism (Suppression of Financing) Act (TSOFA). It also delves into specific AML/CTF/PPF requirements outlined in the Housing Developers (Control and Licensing) Act and Sale of Commercial Properties Act and the accompanying rules and regulations.

As real estate developers play a critical role in combating money laundering, terrorism financing and proliferation financing, by participating in this course, real estate developers will enhance their ability to identify and mitigate risks, ensuring that property transactions are not exploited for illicit activities, thereby safeguarding the integrity of the real estate industry.

TOPICS COVERED

• The process of risk analysis for a development project to be undertaken by a real estate developer;
• The customer due diligence measures to be undertaken by a real estate developer throughout the lifespan of a development project;
• Measures to be taken in “red flags” situations;
• The record keeping requirements after the completion of a development project; and
• Foundational principles to effective design, implementation and enhancement of internal policies, procedures and controls for compliance with AML/CTF/PPF requirements.

LEARNING OUTCOMES 

• Identify key legal requirements for AML/CFT compliance in real estate transactions
• Recognize red flags and suspicious activities that may indicate money laundering or terrorism financing
• Understand basic customer due diligence procedures and documentation requirements
• Know when and how to report suspicious transactions to relevant authorities
• Able to apply best practices in compliance to the legal requirements to support a secure real estate environment

KNOWLEDGE PARTNERS

Gazalle Mok, Partner, Corporate Real Estate, Rajah & Tann Asia

Gazalle is a real estate lawyer with over 20 years' experience in commercial and industrial property transactions, government land sales, development projects, leasing, mortgage loans, and REIT transactions. Recognized as a Rising Star by Asialaw, her notable deals include acting for Areca Investment in the S$728 million Pearl Bank Apartments collective sale, advising Lendlease on the S$3 billion Comcentre redevelopment, representing M&G Real Estate in a S$333 million portfolio acquisition, and handling AEW's S$680 million Westgate Tower purchase.

Benjamin Liew, Partner, Financial Institutions, Rajah & Tann Asia

Benjamin is a Partner specializing in financial regulations and compliance matters. He advises diverse financial institutions globally on regulatory matters, AML/CFT compliance, and policy drafting. His practice focuses on licensing, compliance, enforcement, M&A transactions, OTC derivatives, and ISDA documentation. He also advises on environmental risk management, renewable energy projects, green finance, and sustainability-linked derivatives, serving private banks, wealth managers, fund companies, and fintech firms. His accolades includes being recognised and ranked in The Legal 500 and Chambers & Partners publications.

Melvin Tan, Partner, Corporate Real Estate, Rajah & Tann Asia

Melvin specializes in transactional and advisory real estate work, focusing on development projects for licensed and non-licensed developers, including land acquisition, development processes, and downstream sales of residential, commercial, and industrial units. He also represents banks and lenders in property financing. Notable transactions include acting for GuocoLand's S$780 million Upper Thomson Road acquisition (to be developed as Springleaf Residence), an MCL Land joint venture's S$692.38 million Pine Grove purchase (to be developed as Nava Grove), and representing PAG in Singapore's largest 2024 office transaction—the S$775 million acquisition of 60 Anson.

Terms & Conditions

Request for withdrawal must be made in writing. We encourage particpants to nominate a replacement for the session. Refund requests are subject to approval on the following conditions: 

• Requests sent in at least 2 weeks before commencement: 50% of course fee refunded.
• Requests sent in less than 2 weeks before commencement: No refund, full course fee payable.

Ticket Information