P1: Identify & Mitigate Risks of Money Laundering & Terrorist Financing through the Singapore Real Estate Sector (P103S0366)
CPD Courses Synopsis:
This CPD course provides background knowledge on money laundering and terrorist financing for salespersons. Anti Money Laundering (AML) and Counter Financing Terrorism (CFT) reporting works will be explained together with how real estate salespersons can contribute to the objective of preservation of lives by preventing the next terrorist attack. Common methods and techniques used in ML/TF through the real estate sector across the globe will be discussed. Various types of Customer Due Diligence (CDD) and reporting on Politically Exposed Persons (PEP) using the Suspicious Transaction Report (STR) system will be shared.
CPD Course Objectives:
To equip real estate agents and salespersons with the following know-how:
– To identify and help mitigate the risks of their business being misused by international criminal elements and international terrorists alike to facilitate laundering of illicit funds.
To comply with the AML/CTF reporting system and information sharing endeavors
– recommended by the Financial Action Task Force (FATF); and,
– coordinated by the local law enforcement unit in Singapore, i.e. the Commercial Affairs Department (CAD), through the Reporting of Suspicious Transactions.
*Please do not register for this course if you had attended it at other course providers in the same CPD cycle*