1. A politically exposed person, or a family member or close associate of a politically exposed person 

 

2. Customer is a person classified under high risk occupations 

 

Criteria:-

Bill collector, Debt collector, Money Changer, Casino Credit Officer, Casino Owner, Casino Junket, Pawnshop Owner, Jewellery Shop Owner, Money Lender

 

3. Application is a potentially high risk tax evasion case

 

Criteria:-

i.  Client is from a high risk country (eg. Afghanistan, Algeria, Angola, Australia, Austrai, Belgium, China, Democratic People's Republic of Korea, Denmark, Ecuador, Finland, France, Germany, Guyana, Iceland, Indonesia, Iran, Iraq, Ireland, Israel, Japan, Lao PDR, Mynamar, Netherland, Norway, Panama, Papua New Guinea, Portugal, Slovenia, Spain, Sudan, Sweden, Syria, Uganda, United Kingdom, Yemen, Zimbabwe)

ii.  Single Premium and/or Annualized Premium + Top Up amount is >=SGD250K

iii. Purchase Life Policy (include ILP) at new business

 

4. Negative reports (including tax-related) from media or other credible information sources on the customer