C3 : Anti-Money Laundering & Countering the Financing of Terrorism for the Real Estate Industry ($40.00)

COURSE TITLE: Anti-Money Laundering & Countering the Financing of Terrorism for the Real Estate Industry

CPD CREDITS: 2 Core points





TRAINER/S: Mr. Alfred Chia



With reference to the Practice Circular on the Prevention of Money Laundering and Countering the Financing of Terrorism issued by CEA on 22 Nov 2013, it is important for real estate agents to have a deeper understanding of what money laundering and terrorist financing is and your legal obligations to counter these illegal activities.


Two main acts under the practice circular are the Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act (“CDSA”) and the Terrorism (Suppression of Financing) Act (“TSOFA”).


(A)    CDSA

·       Section 43 - Assisting another to retain the benefits of drug dealing.

·       Section 44 - Assisting another to retain benefits from criminal conduct.

·       Section 46 - Acquiring, possessing, using, concealing or transferring benefits of drug dealing.

·       Section 47 – Acquiring, possessing, using, concealing or transferring benefits of criminal conduct


(B)    TSOFA

·       Section 3 - Prohibition against providing or collecting property for terrorist acts

·       Section 4 - Prohibition against provision of property and services for terrorist purposes

·       Section 5 - Prohibition against use or possession of property for terrorist purposes

·       Section 6 - Prohibition against dealing with property of terrorists


(C)    The penalties under both Acts


(D)    How to do customer due diligence and the relevant lists that you should screen your clients against.


(E)    Know what are Politically Exposed Persons (PEPs)


(F)    Know what are Beneficial Owners (BOs)

·       How to file a Suspicious Transaction Report to Suspicious Transaction Reporting Office (STRO)

·       Setting up an AML Framework in your Company


(G)    With reference to Financial Action Task Force (FATF) – The variables you can use to classify your clients in accordance to money laundering risks

·       Identifying suspicious behaviours in relation to client behaviour or transaction patterns

·       Practice-related Case studies



Course Venue: Blk 190 Lorong 6 Toa Payoh, #02-510 S(310190)

Hotline: 6255 6091 / 6083



*By registering, you acknowledge that you have read, understood, and agreed to the following Terms and Conditions for CPD Core Registration & Issuance of Letter of Attendance.


1. 2 Core Credits will be awarded with each CPD Core course as approved by CEA. 
2. Seats/Registrations are on a first-come-first-served basis. Offer ceases when registration is full or otherwise stated by LMA.
3. RES is expected to make the necessary arrangements and give full commitments to attend the classes.
4. No refund for non-attendance or withdrawals.
5. An administrative charge of $21.40 (inclusive of GST) will be imposed for all approved transfer/re-scheduling of CPD courses. 
6. Course Fee will be forfeited should the participant not show up on rescheduled course dates (with effect from 01 Jan 2018).
7. The management reserves the rights to re-schedule the course dates and/or venue. Prior notice will be given.
8. In accordance to CEA’s CPD regulations and attendance requirements, RES are to clock in a minimum of 2 hours and 30 minutes of training hours.
9. A maximum of 15 minutes grace period is allowable for latecomers.
10. During lesson, any RES who leave the class for more than 15 minutes will not be awarded CPD Points and “Letter of attendance”.
11. All Terms and Conditions are to be complied with. Failing which, CPD Points and “Letter of attendance” will not be awarded.
12. The RES agrees that all IP in the program is the sole property of LMA. 
13. The RES agrees that she/he will receive no right, title or interest of any nature of the program materials. The Client must not allow any other party to commit any forms of reproduction.
14. “Letter of Attendance” will be issued out at the end of the class. 
15. By registering, you consent to LMA Privacy Policy and allowing LMA to periodically send you information on related products and services.
*For any CPD queries, kindly contact LMA at 6255 6091/6083 or email:



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