AML/CFTR 4.3.12 CDD for purchaser and vendor of real estate

A DNFBP acting as real estate agent in relation to a transaction for the sale of real property must conduct CDD on both the buyer and seller of the property (even if the DNFBP acts for only 1 of the parties to the transaction).

Derived by QFCRA RM/2019-8 (as from 1st February 2020)