URA rolls out anti-money laundering requirements for developers
The Urban Redevelopment Authority (URA) has announced new measures to help detect and deter money laundering (ML) and terrorism financing (TL). Effective from June 28, the Developers (Anti-Money Laundering and Terrorism Financing) Bill 2018 requires licensed developers to institute measures to validate the identity of buyers and other relevant information. Before granting an option to […]