In order to comply with the requirements of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), estate agents must conduct “customer due diligence” (CDD) to identify and verify the identity of their customer when handling the sale and purchase of a property. The Estate Agents Authority (EAA) issued a relevant practice circular on this for the estate agency sector back in 2018.However, some consumers might still be unaware of the requirements imposed on estate agents…
Source : South China Morning Post
Read more…Home buyers, sellers must let estate agents verify their ID documents to comply with anti-money-laundering, counterterrorism laws















