Regulations on Anti-Money Laundering & Countering the Financing of Terrorism Operations Matters Conducted by Attorneys Article 12

If the client is on the sanction list as published under Articles 4 and 5 of the Counter-Terrorism Financing Act, the attorney may omit to conduct the activities under each subparagraph of Paragraph 1 of Article 7 of the Counter-Terrorism Financing Act with respect to any property or interest therein of the client that is held or managed by him/her.If, due to the attorney-client relationship, the attorney becomes aware that the client or other individual, legal person or entity involved in the retained case is on the sanction list as published under Articles 4 and 5 of the Counter-Terrorism Financing Act, the attorney shall report the financial or property interests of such individual, legal person or group that is held or managed by him/her as well as the place where such financial or property interest is located, to the Investigation Bureau of the Ministry of Justice in accordance with the provision of the preceding Article.