31/05/2026
โWhy is my property agent asking for more details of my personal and financial information for my property transaction?โ
This is a common question among property consumers who are buying, selling or renting a property today.
The short answer: Property agents are legally required to conduct the necessary due diligence measures โ as part of Singaporeโs nation-wide efforts to combat the threat of money laundering, proliferation financing, and terrorism financing.
What happens if the information required for due diligence is not provided?
๐The answer โ along with more details, โ is in this article, a collaboration by CEA and PropertyGuru.com.sg: https://www.propertyguru.com.sg/property-guides/property-agent-verification-aml-cft-singapore-98513