FORM U5 – Risk Determination and Screening Checklist

EAs and RESs are required to conduct screenings on all unrepresented counterparties (UCPs) involved in sale and purchase or rental transactions (for residential and commercial properties). This includes UCPs, BOs and persons the UCP represents. A separate form must be completed for each person.

Person being screened

Section 1: Check for PEPs and Lists on Terrorist Designation and Designated Individuals and Entities

1. Is the UCP or BO a foreign PEP, a family member or close associate of a foreign PEP?
2. Is the transaction high risk? (Refer to red flag indicators in Annex A)
3. Is the UCP or BO from a High-Risk or Other Monitored Jurisdiction?
Important Note: If the screening result for any of Questions 1 to 3 is positive, EAs and RESs must conduct Enhanced Customer Due Diligence (ECDD) (Form U6).
4. Is the UCP or BO a designated individual or entity under the Terrorism (Suppression of Financing) Act 2002 (TSOFA)? Any match? (Screening to be conducted with SONAR: https://www.police.gov.sg/sonar)
If the screening result is positive, proceed to Q6 below.
5. Is the UCP or BO a designated individual or entity under United Nations sanctions lists / regulations under the United Nations Act 2001 (UN Act)? Any match? (Consolidated list: https://www.un.org/securitycouncil/content/un-sc-consolidated-list)
6. Has the UCP or BO obtained an exemption order under the TSOFA or UN Act?
Important Note: If screening result for either Question 4 or 5 is positive and no exemption order has been obtained under TSOFA or UN Act, EAs and RESs must not carry out any transaction with the UCP and must terminate any transaction already entered into. EAs and RESs must submit an STR via SONAR.

Section 2: Red Flag Indicators Checklist

Important Note: EA/RES must determine whether to file an STR if the answer to any of the above is a “Yes”.

Section 3: RES’s Risk Determination and Conclusions

Use mouse or finger. Works on mobile too.