s 44B Customer due diligence measures
44B.—(1) A licensed estate agent must perform the prescribed customer due diligence measures in any of the following circumstances:(a) when doing any estate agency work for a client; (b) where the licensed estate agent has reason to suspect money laundering, proliferation financing or terrorism financing;[Act 15 of 2025 wef 01/07/2025] (c) where the licensed estate agent has reason to doubt the veracity or adequacy of information obtained from earlier customer due diligence measures; (d) under circumstances prescribed for the purposes of this section.[24/2020] (2) A registered salesperson must perform the prescribed customer due diligence measures in any of the following circumstances:(a) when doing any estate agency work for a client; (b) where the registered salesperson has reason to suspect money laundering, proliferation financing or terrorism financing;[Act 15 of 2025 wef 01/07/2025] (c) where the registered salesperson has reason to doubt the veracity or adequacy of information obtained from earlier customer due diligence measures; (d) under circumstances prescribed for the purposes of this section.[24/2020]