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Course Assessment
Course Assessment
CRS-260064: Investigating Money Laundering in and through Real Estate
1. How is the real estate agency industry classified in the context of money laundering regulations in Singapore?
(Required)
2. Name one reason why the real estate sector is identified as high-risk for money laundering in Singapore’s 2024 AML/CPF/CFT Strategy?
(Required)
3. Name the 3 stages of Money Laundering.
(Required)
4. Define Beneficial Owner of a real estate.
(Required)
5. What is a shell company?
(Required)
6. Name the 3 types of Red Flags
(Required)
7. What must real estate agents verify under Customer Due Diligence (CDD)?
(Required)
8. When conducting CDD for entities and legal arrangements, what must the salespersons ascertain about the entities and legal arrangements?
(Required)
9. What is considered a suspicious real estate transaction?
(Required)
10. Which official platform can real estate agents use to obtain information that helps verify the beneficial ownership of corporate clients in Singapore?
(Required)
11. When dealing with businesses linked to FATF-identified high-risk countries, what should real estate salespersons and agents do?
(Required)
12. What must estate agents do if they suspect a client is linked to a UN sanctions list?
(Required)
