Money laundering/US dollars hung out to dry Rajah & Tann Launches Tech Platform for Property Developers' AML Compliance
According to the firm, a customer due diligence report would now require a scan that takes just seconds to complete the necessary background checks on a prospective purchaser.
August 03, 2023 at 06:08 AM
3 minute read
Singapore-based firm Rajah & Tann's technology and innovation arm, Rajah & Tann Technologies, together with Singapore-based property technology company, Showsuite, have launched an anti-money laundering (AML) technology-driven solution to help Singapore property developers comply with the country's new AML laws.
Earlier this year, the Singapore government imposed new rules requiring property developers to identify, assess and understand the money laundering and terrorism financing risks in relation to their business.
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