Lee Bee Wah on Developers (Anti-Money Laundering and Terrorism Financing) Bill
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Lee Bee Wah on Developers (Anti-Money Laundering and Terrorism Financing) Bill(Updated: )
In Parliament on Tuesday (Nov 20), MP Lee Bee Wah spoke about proposed changes to fight money laundering and terrorism financing in the real estate industry. She said the Government must ensure "the right people with the relevant know-how" are involved, so that this does not become "another paper exercise". Ms Lee also warned against "overreacting", pointing out that developers are secondary recipients of funds, so the risks of abuse are lower.