Jennifer Chia was quoted in Lianhe Zaobao: 遏制洗黑钱和恐怖主义融资 周三起发展商须筛查买家背景

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26 June 2023

Jennifer Chia was quoted in Lianhe Zaobao: 遏制洗黑钱和恐怖主义融资 周三起发展商须筛查买家背景

Features Jennifer Chia

Jennifer was quoted in Lianhe Zaobao, in Chew Boon Leong’s article on the Anti Money Laundering and Terrorism Financing (AMLTF) law which kicks in on Wednesday 28 June.

Jennifer’s comments highlighted that given that property transactions tend to have a higher incidence of illegal money laundering and financing, the government’s implementation of the new regulations can strengthen Singapore’s reputation as a reliable and safe market

The article also mentioned Jennifer’s suggestion for developers to conduct thorough risk analysis, as well as potential impacts of the new regulations on the real estate market.