Regulations Governing Anti-Money Laundering and Counter-Terrorist Financing for Certified Public Bookkeepers and Bookkeeping and Tax Return Filing Agents Article 12

A certified public bookkeeper or bookkeeping and tax return filing agent shall comply with the following provisions in their watch list filtering programs on customers and beneficial owner of transactions :1. A certified public bookkeeper or bookkeeping and tax return filing agent shall establish policies and procedures for watch list filtering, to detect, match, and filter whether customers, or beneficial owners are individuals, legal persons, or organizations sanctioned under Article 4 and 5 of the Counter-Terrorism Financing Act or terrorists or terrorist groups identified or investigated by a foreign government or an international organization.2. The policies and procedures for watch list filtering shall include at least matching and filtering logics, implementation procedures, and evaluation standards, and shall be documented.3. A certified public bookkeeper or bookkeeping and tax return filing agent shall document his/her watch list filtering and maintain records for a time period in accordance with Article 9.If a certified public bookkeeper or bookkeeping and tax return filing agent possesses, manages, or is aware of, in the course of business, any asset or property owned or controlled by any of the individuals, legal persons, or entities announced to be sanctioned by the Ministry of Justice in accordance with Articles 4 and 5 of the Counter-Terrorism Financing Act, the certified public bookkeeper or bookkeeping and tax return filing agent shall deal with the matter in accordance with Article 7 of the Act and inform the National Taxation Bureau in the area where the firm is located.