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How To Simplify AML/CFT Compliance With HaloCheck’s Due Diligence Screening Tools

Webinars & Training

How To Simplify AML/CFT Compliance With HaloCheck’s Due Diligence Screening Tools

Date

Platform

Zoom

Speaker

Muhamad Nazri Shaidon

Target Audience

Real Estate Agencies

Fees

F.O.C

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Zerin Properties Adopts HaloCheck’s Instant Background Check App

Zerin Properties Adopts HaloCheck’s Instant Background Check App

PETALING JAYA: Real estate agency Zerin Properties has adopted instant background check mobile web app HaloCheck which simplifies the Bank Negara Malaysia’s (BNM) anti-money laundering/counter financing of terrorism (AML/CFT) process.

In less than two minutes, all Zerin Properties agents can meet compliance and conduct customer due diligence to BNM’s strict requirements.

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Previndran and Mark Leow, founder and managing director of HaloCheck

Real estate agents and other designated non-financial businesses and professions (DNFBP) are the primary targets for money laundering and terrorism financing activities. Due to the nature of their work, professionals in these industries deal with large amounts of money and properties. The movement of these large sums makes it easier to mask and hide illegal activities making DNFBP the most appealing targets to exploit for money laundering.

Zerin Properties has offices across the country and an international branch office in London. The agency is strengthening its due diligence processes and has chosen HaloCheck to help them comply with BNM AML/CFT requirements.

“We actually got an opportunity to use technology as an avenue to comply with what BNM requires and to satisfy all our clients’ requirements,” said Zerin Properties founder and managing director Previndran Singhe.

Source: Sunbiz

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