On 5 May 2025, Rajah & Tann Singapore, Rajah & Tann Technologies, and Showsuite Pte Ltd co-organised a seminar on the evolving anti-money laundering (“AML“) and countering the financing of terrorism (“CFT“) landscape, and its growing implications for property developers in Singapore.
Titled “Update on AML/CFT Legislative Changes”, the seminar was opened by Senior Partner Norman Ho from the Corporate Real Estate Practice, who highlighted that AML/CFT compliance is far more than a regulatory obligation; it is essential to upholding trust in Singapore’s real estate market and preserving its global reputation as a secure financial hub.
Partner Gazalle Mok from the same Practice provided an overview of the Anti-Money Laundering and Other Matters (Estate Agents and Developers) Bill, which was passed in April 2025. She then explained the key features of the updated AML/CFT framework which strengthens penalties, aligns with Financial Action Task Force (FATF) standards, and imposes stricter restrictions on developers. She was joined by Joanne Seah from Rajah & Tann Technologies, along with Alfaseeh Maricar and Karamjit Singh from Showsuite, who shared valuable perspectives on innovation, risk mitigation, and real-world compliance strategies.
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