AML and Other Matters Bill 2025: Estate Agents and Developers

Regulation Name: AML and Other Matters Bill 2025: Estate Agents and Developers
Date Of Release: 07 March 2025
Region: Singapore
Agency: Singapore Government

Singapore Tightens AML Rules in Real Estate

The Anti-Money Laundering and Other Matters (Estate Agents and Developers) Bill 2025 introduces stricter regulations to combat financial crimes in Singapore’s real estate sector. This legislation amends key laws to enhance compliance with international anti-money laundering (AML) and counter-terrorism financing (CTF) standards.

Key Amendments in the Bill

1. Strengthened AML/CTF Compliance

The bill aligns Singapore’s real estate regulations with Financial Action Task Force (FATF) recommendations, expanding AML and CTF obligations to cover proliferation financing (PF). It mandates stricter due diligence and risk assessment measures for estate agents and developers.

2. Counterparty Due Diligence Requirements

A major change is the requirement for counterparty due diligence (CDD). Licensed estate agents and salespersons must now verify the identity of unrepresented buyers or sellers in real estate transactions to prevent illicit financial activities.

3. Increased Financial Penalties

The bill introduces per contravention penalties for violations of AML, PF, and CTF regulations. Licensed estate agents could face fines up to $200,000 per offence, while individual salespersons could be fined up to $100,000 per offence.

4. Enhanced Record-Keeping and Reporting

Stronger record-keeping obligations will ensure that estate agents maintain comprehensive transaction records, improving regulatory oversight and aiding authorities in financial crime investigations.

Impact on the Real Estate Sector

The new regulations aim to strengthen transparency, accountability, and risk management in Singapore’s real estate market. By tightening compliance requirements, the government seeks to protect the sector from being exploited for money laundering and terrorism financing.

Conclusion

With the introduction of the Anti-Money Laundering and Other Matters (Estate Agents and Developers) Bill 2025, Singapore reinforces its commitment to financial integrity and global AML/CTF standards. These reforms will ensure a more secure and transparent real estate environment while aligning the country’s legal framework with international best practices.

Read the full law here.

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