LEARNING OUTCOMES:

• Overview of the legal framework of the regulations pertaining to the prevention of (i) money-laundering, (ii) proliferation financing and (iii) terrorism financing in the real estate industry
• To be fully cognizant of real-estate salespersons' obligation to conduct customer due diligence, enhanced customer due diligence, ongoing customer due diligence as well as unrepresented counterparty due diligence
• To be fully cognizant of the red-flags and what sanctions lists the real estate salesperson must check against for their risk assessment; When dealing with a legal person (i.e. an entity or legal arrangement), or an individual acting on behalf of a legal person, identify and verify the identity of the legal person and its BOs, and through this process, understand the nature of its business
• To be aware of when and how to proceed to make a suspicious transaction report of any transactions that the real estate salesperson suspects may be involved in money-laundering, proliferation financing or terrorism financing