Singapore Urges Risk-Based AML Checks for Property Buyers

MT Newswires11:51

Singapore's Urban Redevelopment Authority (URA) has reminded property developers to apply anti-money laundering due diligence measures based on a buyer's risk profile, according to guidance issued Wednesday.

The URA also cautioned developers against applying excessive verification measures that go beyond international standards.

The guidance distinguishes between standard customer due diligence and enhanced customer due diligence. The latter, which includes verifying a buyer's source of wealth and source of funds, is required only for higher-risk purchasers, such as foreign politically exposed persons or buyers from jurisdictions flagged by the Financial Action Task Force.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2650396943?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-09 11:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2650396943","market":"sg","top_or_hot":-1,"title":"Singapore Urges Risk-Based AML Checks for Property Buyers","media":"MT Newswires","content":"<html><body><p> Singapore's Urban Redevelopment Authority (URA) has reminded property developers to apply anti-money laundering due diligence measures based on a buyer's risk profile, according to guidance issued Wednesday.</p><p>The URA also cautioned developers against applying excessive verification measures that go beyond international standards.</p><p>The guidance distinguishes between standard customer due diligence and enhanced customer due diligence. The latter, which includes verifying a buyer's source of wealth and source of funds, is required only for higher-risk purchasers, such as foreign politically exposed persons or buyers from jurisdictions flagged by the Financial Action Task Force.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Urges Risk-Based AML Checks for Property Buyers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Urges Risk-Based AML Checks for Property Buyers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2026-07-09 11:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Singapore's Urban Redevelopment Authority (URA) has reminded property developers to apply anti-money laundering due diligence measures based on a buyer's risk profile, according to guidance issued Wednesday.</p><p>The URA also cautioned developers against applying excessive verification measures that go beyond international standards.</p><p>The guidance distinguishes between standard customer due diligence and enhanced customer due diligence. The latter, which includes verifying a buyer's source of wealth and source of funds, is required only for higher-risk purchasers, such as foreign politically exposed persons or buyers from jurisdictions flagged by the Financial Action Task Force.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2650396943","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650396943","pubTimestamp":1783569069,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Singapore's Urban Redevelopment Authority  has reminded property developers to apply anti-money laundering due diligence measures based on a buyer's risk profile, according to guidance issued Wednesday.The URA also cautioned developers against applying excessive verification measures that go beyond international standards.The guidance distinguishes between standard customer due diligence and enhanced customer due diligence. The latter, which includes verifying a buyer's source of wealth and source of funds, is required only for higher-risk purchasers, such as foreign politically exposed persons or buyers from jurisdictions flagged by the Financial Action Task Force.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数","GAB.SI":"Amova STI ETF S$A","ES3.SI":"STI ETF","G3B.SI":"Nikko AM STI ETF"},"translate_title":"新加坡敦促对购房者进行基于风险的反洗钱检查","themeId":"b010cf239ffd4765bcd3edd8f767f746","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"G3B.SI":0.6,"STI.SI":0.9,"ES3.SI":0.6,"GAB.SI":0.6},"content_text":"Singapore's Urban Redevelopment Authority (URA) has reminded property developers to apply anti-money laundering due diligence measures based on a buyer's risk profile, according to guidance issued Wednesday.The URA also cautioned developers against applying excessive verification measures that go beyond international standards.The guidance distinguishes between standard customer due diligence and enhanced customer due diligence. The latter, which includes verifying a buyer's source of wealth and source of funds, is required only for higher-risk purchasers, such as foreign politically exposed persons or buyers from jurisdictions flagged by the Financial Action Task Force.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650396943","isCrawlerRequest":true}