Mr Gerald Giam Yean Song asked the Minister for Home Affairs in each of the last three years (a) how many suspicious transaction reports (STRs) were filed with regard to property transactions; (b) how many of such property transactions were later found to be involved in money laundering (ML) or terrorism financing (TF) activities; and (c) how many individuals were prosecuted for failure to file an STR when they knew or had reason to suspect that any property may have been connected to ML or TF activities.
Mr Gerald Giam Yean Song asked the Minister for Home Affairs (a) what are the tools and databases which the Council for Estate Agencies provides to estate agents (EAs) and real estate salespersons (RESs) to aid them in conducting Customer Due Diligence on their clients; (b) how does CEA make EAs and RESs aware of these tools and databases, if any; and (c) whether EAs and RESs actively use them.
Assoc Prof Jamus Jerome Lim asked the Minister for Home Affairs (a) whether individuals entering Singapore are checked against a list of suspicious individuals at their time of entry; and (b) how are individuals using passports from multiple countries or false identities being prevented from entering Singapore.
Mrs Josephine Teo: Many Members have filed queries on the recent anti-money laundering operations conducted by the Police and Singapore’s anti-money laundering framework. The queries cover a wide range of issues across several Ministries. The Ministry of Home Affairs, together with various other Ministries, will respond to the queries comprehensively in a Ministerial Statement in October 2023.
Ministry of Home Affairs
18 September 2023
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-14491
Office of the Leader of the Opposition 