LEARNING OUTCOMES:

• Understand the global scale, harms and three stages of money laundering, together with the definitions of terrorism financing and proliferation financing using case studies
• Summarise the international and Singapore regulatory frameworks, including the Financial Action Task Force, national strategy, key regulators and principal laws
• Apply customer due diligence across the client lifecycle, covering identification, verification, beneficial ownership, purpose, and source of funds and wealth, plus sanctions and terrorist-list screening and politically exposed person checks
• Manage enhanced due diligence, ongoing monitoring and suspicion handling in line with legal requirements, including completion of a Suspicious Transaction Report without tipping off
• Demonstrate estate agent responsibilities by maintaining entity-level risk assessment, internal policies, procedures and controls, governance and training, record-keeping, independent review, and pre-launch risk assessment for new services and technologies