{"id":125660,"date":"2022-03-29T11:00:30","date_gmt":"2022-03-29T04:00:30","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-sellers-must-let-estate-agents-verify-their-id-documents-to-comply-with-anti-money-laundering-counterterrorism-laws\/"},"modified":"2022-03-29T11:47:19","modified_gmt":"2022-03-29T04:47:19","slug":"home-buyers-sellers-must-let-estate-agents-verify-their-id-documents-to-comply-with-anti-money-laundering-counterterrorism-laws","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-sellers-must-let-estate-agents-verify-their-id-documents-to-comply-with-anti-money-laundering-counterterrorism-laws\/","title":{"rendered":"Home buyers, sellers must let estate agents verify their ID documents to comply with anti-money-laundering, counterterrorism laws"},"content":{"rendered":"


\nIn order to comply with the requirements of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), estate agents must conduct \u201ccustomer due diligence\u201d (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\u2026
\n
\nSource : South China Morning Post
\nRead more…Home buyers, sellers must let estate agents verify their ID documents to comply with anti-money-laundering, counterterrorism laws<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In order to comply with the requirements of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-125660","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wGM","jetpack-related-posts":[{"id":29641,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-dubais-new-rules-on-property-adverts-will-affect-home-sellers\/","url_meta":{"origin":125660,"position":0},"title":"How Dubai's new rules on property adverts will affect home sellers","date":"October 12, 2016","format":false,"excerpt":"\r I am a seller of a two-bedroom apartment in JBR and I have just been informed that there is a new legislation coming into force by Rera regarding the advertising of property. Can you please enlighten me as to what the details are so that I can be assured\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29657,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homefront-how-dubais-new-rules-on-property-adverts-will-affect-home-sellers\/","url_meta":{"origin":125660,"position":1},"title":"Homefront: How Dubai's new rules on property adverts will affect home sellers","date":"October 12, 2016","format":false,"excerpt":"\r I am a seller of a two-bedroom apartment in JBR and I have just been informed that there is a new legislation coming into force by Rera regarding the advertising of property. Can you please enlighten me as to what the details are so that I can be assured\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mario-volpi-how-dubais-new-rules-on-property-adverts-will-affect-home-sellers\/","url_meta":{"origin":125660,"position":2},"title":"Mario Volpi: How Dubai's new rules on property adverts will affect home sellers","date":"October 12, 2016","format":false,"excerpt":"\r I am a seller of a two-bedroom apartment in JBR and I have just been informed that there is a new legislation coming into force by Rera regarding the advertising of property. Can you please enlighten me as to what the details are so that I can be assured\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/estate-agents-bill-increases-fines-for-errant-estate-agencies-property-agents\/","url_meta":{"origin":125660,"position":3},"title":"Estate Agents Bill increases fines for errant estate agencies, property agents","date":"May 6, 2020","format":false,"excerpt":"\r The new Estate Agents (Amendment) Bill will see the maximum fine increased to $200,000 for real estate agencies and $100,000 for property agents.\u00a0 The Estate Agents (Amendment) Bill, which was passed in Parliament on Tuesday (5 May), raised the maximum fines that could be imposed on errant real estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-estate-agents-hit-by-crackdown-on-money-laundering\/","url_meta":{"origin":125660,"position":4},"title":"UK estate agents hit by crackdown on money laundering","date":"March 9, 2019","format":false,"excerpt":"\r Slow housing market suffers further blow from HMRC\u2019s tougher stance on dirty money\r \r Source : ft.com\r Read more...UK estate agents hit by crackdown on money laundering","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-plus-flat-owner-rental-restrictions-first-timer-families-will-enjoy-priority-for-standard-bto-flats-and-more\/","url_meta":{"origin":125660,"position":5},"title":"HDB Plus Flat Owner Rental Restrictions, First-timer Families Will Enjoy Priority for Standard BTO Flats, and More","date":"August 28, 2023","format":false,"excerpt":"\r HDB Plus Flat Owner Rental Restrictions, First-timer Families Will Enjoy Priority for Standard BTO Flats, and More22 to 28 August 2023 The new Plus flat model will come with several conditions such as an income ceiling of $14,000 for resale buyers and a ban to rent out the entire\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/08\/68784216_s-Cropped.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125660"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=125660"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125660\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}