Buying, selling or renting a property in Singapore involves more than simply finding a buyer or tenant and signing an agreement.
As part of Singapore’s regulatory requirements, licensed real estate salespersons are required to perform identity verification and Anti-Money Laundering (AML) checks on clients involved in property transactions.
Many clients are surprised when they are asked to provide their NRIC, passport, work pass or other supporting documents. This page explains why these documents may be required and what you can expect during the verification process.
The real estate industry is subject to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations.
These regulations are designed to prevent property transactions from being used for illegal activities such as money laundering, fraud, identity misuse and other financial crimes.
As licensed real estate professionals, we are legally required to verify the identity of our clients and conduct appropriate compliance checks before proceeding with certain stages of a transaction.
These requirements apply to:
The purpose of these checks is not to create inconvenience, but to protect all parties involved and ensure that transactions are conducted safely, transparently and in accordance with Singapore regulations.
When entering a transaction, real estate salespersons will collect supporting documents based on the property type and your status. This is to verify that you are the legal owner with the proper authority to sell or rent out the property.
When starting a purchase or rental, salespersons will collect your identity and residency documents. This is to verify your legal status and eligibility to buy or rent property in Singapore under local regulations.
When a company is involved, salespersons will collect corporate registration and authorization documents. This is to verify the company’s legal status and authorized signatories, ensuring the transaction is fully compliant and legally binding.
We understand that identification documents contain sensitive personal information.
Documents provided for verification purposes are handled with care and are used solely for compliance, verification and transaction-related requirements.
We do not request personal information unnecessarily, and we only collect documents required to fulfil our professional and regulatory obligations.
Client verification and AML compliance help to:
These checks are a standard part of modern property transactions and help maintain the integrity of Singapore’s real estate market.
We appreciate your understanding and cooperation throughout the verification process.
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