Regulations Governing Anti-Money Laundering and Counter-Terrorist Financing for Certified Public Bookkeepers and Bookkeeping and Tax Return Filing Agents Article 5

A certified public bookkeeper or bookkeeping and tax return filing agent shall understand and, as appropriate, obtain information on the purpose and intended nature of the business relationship; perform customer backgrounds, transaction modes, or direct sources or flows of funds to evaluate money laundering and terrorist financing risks of customers; and record the findings in writing.A transaction shall be evaluated as “high risk” if the funds in the preceding paragraph directly come from, or flow to, a high-risk country or region, or the customer comes from a high-risk country or region, or if the transaction is not carried out face-to-face by a customer and a certified public bookkeeper or a bookkeeping and tax return filing agent, or if the customer and the beneficial owner are politically exposed persons entrusted with prominent public function, or their family members and close associates as defined in Paragraph 3 of Article 8 of the Act.A certified public bookkeeper or bookkeeping and tax return filing agent shall obtain the prior consent of the principal or the management before building a business relationship with a customer if the customer is assessed as ”high risk” in terms of money laundering and terrorist financing.