About 60 real estate agents involved in sale of properties in S$1B laundering case - Printable Version
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About 60 real estate agents involved in sale of properties in S$1B laundering case - Levin - 23-08-2023
Belmont Lay | August 22, 2023, 03:23 PM
Some 60 real estate agents were likely involved in the sale of properties to the 10 people arrested in an islandwide money laundering raid in Singapore that yielded more than S$1 billion in cash, items and assets, Lianhe Zaobao reported on Aug. 18.
These agents are expected to assist in investigations, Zaobao's sources claimed.
According to the Chinese newspaper, one of 10 suspects arrested is believed to be the Chinese buyer who snapped up 20 units at CanningHill Piers in Clarke Quay for an estimated S$85 million in May 2022.
In April 2021, it was also reported that Su Baolin, one of the men arrested, had bought a sea-facing bungalow in Sentosa Cove for slightly over S$39.33 million
......
According to the Council for Estate Agencies (CEA), real estate agents are required to conduct due diligence checks on clients to prevent money laundering and terrorism financing.
The implementation of the full requirements for due diligence kicked in on June 28, 2023.
https://mothership.sg/2023/08/real-estate-agents-properties-money-laundering/
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - singlon - 23-08-2023
They r just agents not principals.
so long as they remain as such and not extras should be safe.
This saga smells sotong. Wang yi was here.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - ArielCasper - 23-08-2023
These 60 sure gone case liao. Such a big case, some heads must roll. U think roll their heads easier or someone in MAS?
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Wy:Nox - 23-08-2023
Those agents representing the buyers should get the boot and blacklisted from REA permanently. However, I think that MND could be the real issue due to lapses in their process over the past decade. And having MP Desmond does not improve matters.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - singlon - 23-08-2023
The ultimate target victims might be US the people
a Training in Technocracy meaning for ex they want singlion out.
They just press the DELETE key.
He cannot buy nor sell mati terus terus.
Dat why the more u use CASH the more CASH in circulation
U must not get concentrated in a ball.
Kllaus schwab will slit ur throat
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Wy:Nox - 23-08-2023
At 2 or 3% agent fees, they must have made it rich.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - singaporean1964 - 23-08-2023
since the money was 'dirty'
the commissions paid has to be paid back to the govt...lol
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Lukongsimi - 23-08-2023
No wonder someone desperate to be housing agent
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - singaporean1964 - 23-08-2023
kinda wonder
if fat iswaran was arrested
many things came out
are they all related?
cpib officer maybe asking
'mr waran, exactly how much MONEY u makan har...'...LOL
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - p1acebo - 23-08-2023
Sack those dirty agents. They for sure know these purchases are from money laundering activities but act blur due to the super high comms.
Can easily make several hundred thousand s per deal.
Those high performing agents go jeep Changi chalets ahhhh!!!
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - RiseofAsia - 23-08-2023
Sg has rotten.
Song Boh…
It is only the beginning.
不懂易经真糟糕。
Need to build new prison to house them.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - RiseofAsia - 23-08-2023
https://baike.baidu.com/item/%E8%9B%8A%E5%8D%A6/8787577#:~:text=%E8%9B%8A%E5%8D%A6%EF%BC%8C%E8%A1%A8%E7%A4%BA%E7%A7%AF%E5%BC%8A%E5%B7%B2,%E5%A4%A9%E4%B8%8B%E5%A4%A7%E6%B2%BB%EF%BC%8C%E9%95%BF%E4%B9%85%E8%80%8C%E6%B2%BB%E5%AE%89%E3%80%82
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Bluebull - 23-08-2023
If proven they are aware that the arrested are money laundering
They have to return their commissions and be fined
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - p1acebo - 23-08-2023
The agents checklist is very comprehensive. Cannot be they don’t know huan. Also got system databases to check.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - RiseofAsia - 23-08-2023
And till now, nobody has made any check on COE bidding.
事出反常必有妖！
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - limpeh394 - 23-08-2023
Probably get to bang many chio agent eager to close deal
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - red3 - 23-08-2023
All are licensed and certified as per legal docs
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - grotesqueness - 23-08-2023
in other country there are drug cartel
in singapore there are properties and money laundering cartel
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - [[ForeverAlone]] - 23-08-2023
In fact Authority many years DO Telling , hint these Property companies watch for people buying properties in SG for money laundering.
The Property companies reply back to authority " Hard to check than claim wait offend Real buyers " blah blah....
I feel Govt should set up a new law, regulations come property agent.
I think some already quit as property agent after enjoy huge commission from these people dealing with money laundering.
Some already flee back to Malaysia. I heard quite a lot Malaysian also work as property agent in SG.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Lukongsimi - 23-08-2023
(23-08-2023, 05:51 PM)[[ForeverAlone]] Wrote: In fact Authority many years DO Telling , hint these Property companies watch for people buying properties in SG for money laundering.
The Property companies reply back to authority " Hard to check than claim wait offend Real buyers " blah blah....
I feel Govt should set up a new law, regulations come property agent.
I think some already quit as property agent after enjoy huge commission from these people dealing with money laundering.
Some already flee back to Malaysia. I heard quite a lot Malaysian also work as property agent in SG.
I was a property agent bef. Sometimes I took less commission or none at all.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - [[ForeverAlone]] - 23-08-2023
(23-08-2023, 06:10 PM)Lukongsimi Wrote: I was a property agent bef. Sometimes I took less commission or none at all.
got levels one, one of my cousin friend who is a so call Director in a property company,
he told me some agent only focus on landed house , whereas most agents are on HDB.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Ola - 23-08-2023
(23-08-2023, 04:56 PM)p1acebo Wrote: The agents checklist is very comprehensive. Cannot be they don’t know huan. Also got system databases to check.
Checklist comprehensive only
but the system and the CEA Head responsibities
may not be, hor
60 agents or maybe 100 agents were not alerted via the system
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Sline - 23-08-2023
(23-08-2023, 06:10 PM)Lukongsimi Wrote: I was a property agent bef. Sometimes I took less commission or none at all.
U r lousy la
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Lukongsimi - 23-08-2023
(23-08-2023, 06:13 PM)[[ForeverAlone]] Wrote: got levels one, one of my cousin friend who is a so call Director in a property company,Me forcus mainly on Pte properties n offices lesser on hdb flats
he told me some agent only focus on landed house , whereas most agents are on HDB.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Lukongsimi - 23-08-2023
(23-08-2023, 06:16 PM)Sline Wrote: U r lousy la
No some are poor
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - p1acebo - 24-08-2023
(23-08-2023, 06:14 PM)Ola Wrote: Checklist comprehensive only
but the system and the CEA Head responsibities
may not be, hor
60 agents or maybe 100 agents were not alerted via the system
Actually no. The list being very comprehensive would immediately flag out irregularities and suspicious behavior. It is the agent who choose to ignore it.
The database system may or may not have the suspect names.
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - singlon - 24-08-2023
with fire from sky and others involving water Quakes and mudslides
these people are insider in the sotong-wef saga.
Russia has added 800B Dola to her wealth HOW she does IT?
Euroland is burning
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Sharexchange - 24-08-2023
How to check their fund from where...stupid MAS..
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - Sharexchange - 24-08-2023
(23-08-2023, 04:59 PM)RiseofAsia Wrote: And till now, nobody has made any check on COE bidding.
事出反常必有妖！
This one is 25billion dollar collusion case liao..
RE: About 60 real estate agents involved in sale of properties in S$1B laundering case - singlon - 24-08-2023
Russia looking into WorldBank-IMF how they r funded into today capitalist system