[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-239830-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-239830-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","risk-analysis-template-annexure-1","Risk Analysis Template - Annexure 1","","Annexure 1 provides a structured risk analysis template guiding developers to identify, assess, and understand money laundering, proliferation financing, and terrorism financing (ML/PF/TF) risks in line with the Housing Developers (Control & Licensing) Act (HDCLA) and the Sale of Commercial Properties Act (SCPA). It requires considering relevant country/jurisdiction risks, purchaser profiles, business size, and delivery channels, then defining commensurate mitigating measures. 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The risk assessment must be seen and/or evaluated and signed off by the most senior member of the senior management or a designated person in the senior management team.",{"name":70,"@type":61,"acceptedAnswer":71},"What inputs are required to assess risk factors and overall risk rating?",{"text":72,"@type":64},"Section A lists risk factors across jurisdictions, services/transactions/channels, higher-risk purchaser profiles, and other factors. Developers must indicate whether each factor is met and then set an overall risk rating (Low/Medium/High) and developer’s overall risk level.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},239830,1790504499,{"code":4,"msg":82,"data":83},"success",[84,88,93,98,103,108,112,117,122],{"id":55,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":110,"slug":111},17,40,"forms",{"id":113,"doc_module":22,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},18,"Letters",30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":109,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":30,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":139,"read_time":22},1374402968488,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","ANNEXURE 1  \nRISK ANALYSIS TEMPLATE  \nThis template serves to guide developers to perform risk analysis to identify, assess and understand their money laundering, proliferation financing and terrorism financing risks, as required under the Housing Developers (Control & Licensing) Act (HDCLA) and Sale of Commercial Properties Act (SCPA), and should be adapted to suit their business context. Developers should consider the risk factors in this template and any other risk factors that are relevant to their business context before determining the overall level of risk and the appropriate type and extent of mitigation measures. The type and extent of the mitigating measures must be appropriate to the risk of money laundering, proliferation financing and terrorism financing and the size of developer’s business.  \nThe risk analysis should be performed before the launch of each project and updated regularly, e.g. once every 2 years, or when material trigger events (e.g. acquisition of new customer segments) occur, whichever is earlier.  \nThe ultimate responsibility and accountability for ensuring compliance with the HDCLA and SCPA and their respective rules, rest with the developers’ senior management e.g. directors, CEO. As part of the oversight and governance on prevention of ML/PF/TF, developers’ risk assessments must be seen and/or evaluated and signed off by the most senior member of the senior management or whoever he/she designates in the senior management team. The directors and senior management should have a good understanding of the risks that the business is exposed to and ensure that the risk mitigating measures adopted are adequate, robust and effective.  \nSection A: Risk factors to consider before any project launch  \n\n| S/N | Risk factor to consider | Indicate whether risk factor is met, i.e. Yes or\u003Cbr>No. If yes, provide details. |\n| --- | --- | --- |\n| (I) Countries and jurisdictions in which the developers have operations in\u003Cbr>(Note: If Risk Factor 1 is met, developer should rate itself as “high-risk”.) |  |  |\n| 1 | High risk countries or jurisdictions subject to a call for action by FATF (“FATF black list”) |  |\n| 2 | Countries or jurisdictions that are subject to increased monitoring by Financial Action Task Force (FATF)(“FATF grey list”) |  |\n| (II) Developers’ services, transactions and delivery channels |  |  |\n| 3 | Sole/heavy reliance on online platforms for marketing, without physical face-to-face interactions with purchasers |  |\n| (III) Profile of developers’ higher-risk purchasers\u003Cbr>(Note: The following risk factors should be considered after project is launched and units sold.) |  |  |\n\n\n| 4 | ≥20% of purchaser are non-Singapore Citizens (e.g. PRs, foreigners, entities and legal arrangements) |  |\n| --- | --- | --- |\n| 5 | Purchasers buying ≥2 properties within 1 year |  |\n| 6 | Purchasers holding multiple travel documents or possess travel documents issued by countries known to offer citizenship and residency by investment (CBI/RBI) programmes or countries flagged FATF |  |\n| 7 | Purchasers originating from or are residents of:\u003Cbr>a) high-risk countries or jurisdictions subject to a call for action (“FATF black list”); or\u003Cbr>b) countries or jurisdictions that are subject to increased monitoring (“FATF grey list”) |  |\n| IV) Other factors considered by developers, e.g. receipt of unrelated third party payments, PEP purchasers |  |  |\n| 8 | (Developers to list down relevant risk factors) |  |\n| V) Overall risk rating |  |  |\n| 9 | Developer’s overall risk level | Low/Medium/High |\n\nSection B: Size of Developer’s Business  \nDeveloper to state its size of business in the table below  \n\n| Size of Developer’s Business |  |\n| --- | --- |\n| Factors considered in determining the size of its business, e.g. gross development value (GDV) of licensed project. | E.g.\u003Cbr>GDV of licensed project:$  mil |\n| Size of business | Small/Medium/Large |\n\nSection C: Risk Mitigating Measures  \nMeasures should be commensurate w","cbCaihQftY4RoplZ","https://ap.wps.com/l/cbCaihQftY4RoplZ","pdf",333977,"English","# Annexure 1 - Risk Analysis Template\n## Section A: Risk factors to consider before any project launch\n## Section B: Size of Developer’s Business\n## Section C: Risk Mitigating Measures\n## Section D: Developer’s acknowledgement of risk analysis report","[{\"question\":\"When should the risk analysis be performed and how often should it be updated?\",\"answer\":\"The risk analysis should be performed before the launch of each project and updated regularly, for example once every 2 years, or earlier when material trigger events occur.\"},{\"question\":\"Who is responsible for accountability and approval of the risk analysis?\",\"answer\":\"Ultimate responsibility rests with the developers’ senior management (e.g., directors, CEO). The risk assessment must be seen and/or evaluated and signed off by the most senior member of the senior management or a designated person in the senior management team.\"},{\"question\":\"What inputs are required to assess risk factors and overall risk rating?\",\"answer\":\"Section A lists risk factors across jurisdictions, services/transactions/channels, higher-risk purchaser profiles, and other factors. Developers must indicate whether each factor is met and then set an overall risk rating (Low/Medium/High) and developer’s overall risk level.\"}]","Risk Analysis Template - Annexure 1 | PDF",1789153597]